Issue - meetings

Report of the Head of Corporate Resources

The Cabinet considered the report of the Head of Corporate Resources that advised of the current forecast revenue outturn position for the Council for 2017/18 as at the end of November 2017 and that this forecast would be 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 2017/18; and the current position of the Capital Programme.

Decisions Made: That

(1)      further actions to consider in the delivery of a balanced in-year budget, which is currently forecasting a financial year-end deficit position of £1.721m, be approved;

(2)      the progress to date on the achievement of approved Public Sector Reform savings for 2017/18 be approved;

(3)      the forecast position on the collection of Council Tax and Business Rates for 2017/18 be approved; and

(4)      the current progress in the delivery of the 2017/18 Capital Programme and the forecast outturn position for the year be approved.

Reasons for Decision:

To ensure the Cabinet is informed of the forecast outturn position for the 2017/18 revenue and capital budgets, as at the end of November 2017, and to provide an updated forecast of the outturn position with regard to the collection of Council Tax and Business Rates.

Alternative Options Considered and Rejected:

None.