Decision details

To consider any issues required for the preparation, monitoring, reporting and amendment of the revenue and capital financial plans for 2016/17 - 2019/20, including Government grants, financial pressures and service changes.

The Cabinet considered the report of the Head of Corporate Resources which provided details of the current forecast revenue outturn position for the Council for 2016/17, as at the end of February 2017, which was informed by the latest analysis of expenditure and income due to the Council, in addition to the progress in delivering approved savings; the current forecast on Council Tax and Business Rates collection for 2016/17; the current position of the Capital Programme and proposals for three Section 106 schemes to be added to the Capital Programme.

Decision Made: That

(1)          the forecast surplus outturn position of £0.829m as at the end of February 2017, together with the potential impact on the Council’s General Fund Reserves position be noted;

(2)          the progress to date on the achievement of approved savings for 2016/17 and residual savings carried forward from previous years be noted;

(3)          the forecast position on the collection of Council Tax and Business Rates for 2016/17 be noted;

(4)          the current position of the 2016/17 Capital Programme be noted; and

(5)          the Council be recommended to give approval to the inclusion of the additional capital allocations, outlined in paragraph 6.7 of the report, in the 2016/17 Capital Programme.

Reasons for Decision:

To ensure Cabinet are informed of the forecast outturn position for the 2016/17 revenue and capital budgets as at the end of February 2017 and to provide an updated forecast of the outturn position with regard to the collection of Council Tax and Business Rates. To ensure additional schemes, financed from Section 106 monies are included in the Capital Programme.

Alternative Options Considered and Rejected:

None.