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 as at the end of December 2016 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; and the current position of the Capital Programme.
The Head of Corporate Resources reported that the Overview and Scrutiny Committee (Regulatory, Compliance and Corporate Services) at its meeting held on 14 February 2017 had considered the report on the 2017/18 Budget and the Medium Term Financial Plan 2017/18 to 2019/20, previously submitted to the Cabinet on 12 January 2017. (Minute No. 73 refers) and he circulated the minutes of the meeting setting out the comments of the Committee on the report.
Decision Made: That
(1) the forecast deficit outturn position of £0.063m, as at the end of December 2016, and the approach currently been undertaken to reduce this in advance of the year end 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 comments of the Overview and Scrutiny Committee (Regulatory, Compliance and Corporate Services) in relation to the 2017/18 Budget and the Medium Term Financial Plan 2017/18 to 2019/20 be noted.
Reasons for Decision:
To ensure the Cabinet are informed of the forecast outturn position for the revenue budget and delivery of savings as at end of October 2016; the updated forecast of the outturn position with regard to the collection of Council Tax and Business Rates and the latest forecast outturn of the Capital Programme.
Alternative Options Considered and Rejected:
None.