The
Director of Finance and Business Improvement gave a presentation to
the Committee which provided an update on the Medium Term Financial
Strategy and Budget Proposals.
The
Committee noted that on the basis of the budget proposals and
financial projections contained in the report, the Council was
scheduled to be able to set a balanced budget for the next two
financial years. However the budget gap at the end of the five year
period was projected to be £4.6 million and the additional
savings identified in the adverse scenario would need to be
reviewed in 2018-19.
RESOLVED:
1.
Planning on the basis of the updated Strategic
Revenue Projection, set out at Appendix A, is agreed.
2.
The budget proposals for services in the remit of
this Committee, as set out in Appendix C, are agreed.
3.
The remaining budget proposals, set out in Appendix
C, which will be considered by the relevant Service Committees
during the course of January 2018, are noted.
Voting: Unanimous