Issue - meetings

Report of the Cabinet Member for Resources and Leisure seeking to set out the latest estimated overall financial position on the General Fund Revenue Budget for 2015/16 to 2017/18 and to outline the main issues that need to be addressed in considering the Cabinet’s Budget and Council Tax proposals to Council on 11 February 2015, attached.

DECISION MADE: (Ref: CAB 14/15 14181)

On consideration of the report of the Cabinet Member for Resources and Leisure seeking to set out the latest estimated overall financial position on the General Fund Revenue Budget for 2015/16 to 2017/18 and to outline the main issues that need to be addressed in considering the Cabinet’s Budget and Council Tax proposals to Council on 11 February 2015Cabinet agreed the following:

(a)  To note the position on the estimated outturn and revised budget for 2014/15 as set out in paragraphs 21 to 24 of the report.

(b)  To note the position on the forecast roll forward budget for 2015/16 as set out in paragraphs 34 to 77 of the report.

(c)  To note and approve the arrangements made by the Leader, in accordance with the Local Government Act 2000, for the Cabinet Member for Resources and Leisure to have responsibility for financial management and budgetary policies and strategies, and that the Cabinet Member for Resources and Leisure will, in accordance with the Budget & Policy Framework Rules as set out in the Council’s Constitution, be authorised to finalise the Executive’s proposals in respect of the Budget for 2015/16, in consultation with the Leader, for submission to Full Council on 11 February 2015.

(d)  To approve and recommend to Council where appropriate, the General Fund Revenue Budget changes as set out in Council recommendations i-xxiii set out below:

(i)  To note the budget consultation process that was followed as outlined in Appendix 1 and notes that this year’s process took into consideration feedback from last year on how to improve the process.

(ii)  To note that the consultation feedback has been taken into consideration by the Cabinet and has informed their final budget proposals.

(iii)  To note the Equality and Safety Impact Assessment process that was followed as set out in paragraphs 18 to 20 and the details contained in Appendix 2 which reflect the feedback received through the consultation process.

(iv)  To approve the revised estimate for 2014/15 as set out in Appendix 3.

(v)  To note the position on the forecast roll forward budget for 2015/16 as set out in paragraphs 34 to 77.

(vi)  To approve the revenue pressures and bids as set out in Appendix 4 and 5 respectively.

(vii)  To approve the revenue pressures and bids as set out in Appendix 4 and 5 respectively.

(viii)  To approve the General Fund Revenue Budget 2015/16 as set out in Appendix 7, which assumes a council tax increase of 1.99%.

(ix)  To delegate authority to the Chief Financial Officer (CFO) to action all budget changes arising from the approved pressures, bids, efficiencies, income and service reductions and incorporate any other approved amendments into the General Fund estimates.

(x)  To note that after taking these items into account, there is an estimated General Fund balance of £9.6M at the end of 2017/18 as detailed in paragraph 114.

(xi)  To delegate authority to the Chief Financial Officer, in consultation with  ...  view the full minutes text for item 60