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 outturn position for the Council for 2016/17 at the end of August 2016 based on 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 the addition of resources for new capital allocations to the Capital Programme.

Decision Made: That

(1)          the current forecast outturn position as at the end of August 2016 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 include the additional capital allocations, outlined in paragraph 6.4 and 6.7 of the report, to the 2016/17 Capital Programme.

Reasons for Decision:

To ensure Cabinet are informed of the forecast outturn position for the revenue budget and delivery of savings as at end of August 2016; the updated forecast of the outturn position with regard to the collection of Council Tax and Business Rates; the latest forecast outturn of the Capital Programme, and to seek the inclusion of additional schemes financed from Section 106 monies into the Capital Programme.

Alternative Options Considered and Rejected:

None.