Issue - meetings

Having considered an officer report, and a presentation by the Cabinet

Member for Resources, Councillor Kevin Bonavia, the Mayor agreed from the

options available that:

(1) the updates from the Autumn Statement and provisional Local

Government Finance Settlement as presented be noted;

(2) the current financial assumptions of the Medium Term Financial Strategy

(MTFS) assume an annual 2% Adult Social Care precept is applied to the

Council Tax Base for the next three years (option 1 in section 7) and that the

Local Government Finance Settlement introduced new alternative options (2

to six) on which the budget could be modelled and that Option 4 should be

recommended to the Council;

(3) the Council’s budget be prepared with a reduced corporate risks and

pressures budget of £6.5m (down from £7.5m in previous years) for the three

years to 2019/20, thereby saving £1m in 2017/18 and £3m over the period.

Having considered an officer report, and a presentation by the Cabinet

Member for Resources, Councillor Kevin Bonavia, the Mayor from the

options available and for the reasons otherwise set out in the report:

RESOLVED that:

(1) the updates from the Autumn Statement and provisional Local

Government Finance Settlement as presented be noted;

(2) the current financial assumptions of the Medium Term Financial Strategy

(MTFS) assume an annual 2% Adult Social Care precept is applied to the

Council Tax Base for the next three years (option 1 in section 7) and that the

Local Government Finance Settlement introduced new alternative options (2

to six) on which the budget could be modelled and that Option 4 should be

recommended to the Council;

(3) the Council’s budget be prepared with a reduced corporate risks and

pressures budget of £6.5m (down from £7.5m in previous years) for the three

years to 2019/20, thereby saving £1m in 2017/18 and £3m over the period.

The meeting closed at 3.58pm