Your council
Decision details
Finance & Performance Management Cabinet Committee - 20 July 2017
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Decision:
Financial Issues Paper
(1) That the establishment of a new budgetary framework, outlining the budget guidelines for 2018/19 be set, with the following elements:
(a) the ceiling for Continuing Services Budget net expenditure to be no more than £12.92million including net growth;
(b) the ceiling for District Development Fund expenditure to be no more than £929,000;
(c) balances to continue to be aligned with the Council’s net budget requirement and be allowed to fall no lower than 25% of the net budget requirement; and
(d) the District Council Tax not be increased with the charge for a Band ‘D’ property remaining at £148.77 per annum;
(2) That a revised Medium Term Financial Strategy for the period to 2020/21 be developed accordingly;
(3) That communication of the revised Medium Term Financial Strategy to staff, partners and other stakeholders be undertaken; and
(4) That the reductions in the Parish Support Grants in equal stages to achieve complete removal by 2019/20 be continued; and
Corporate Plan 2018-23
(5) That the revised Corporate Plan for the period 2018-23 be recommended to the Council for approval.
Report author: Rebecca Perrin
Publication date: 14/09/2017
Date of decision: 07/09/2017
Decided at meeting: 07/09/2017 - Cabinet
Effective from: 22/09/2017
Accompanying Documents: