Issue - meetings

(Finance Portfolio Holder) To consider the attached minutes from the meeting of the Finance & Performance Management Cabinet Committee, held on 20 July 2017, and any recommendations therein.

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.

In the absence of the Finance Portfolio Holder, who had tended his apologies for the meeting, the Leader of Council presented the minutes of the meeting of the Finance & Performance Management Cabinet Committee, held on 20 July 2017.

The Cabinet Committee had made recommendations to the Cabinet concerning: the Financial Issues Paper; and the Corporate Plan 2018-23. There were no other issues considered by the Cabinet Committee.

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.

Reasons for Decision:

The Cabinet was satisfied that the Cabinet Committee had fully addressed all of the relevant issues.

Other Options Considered and Rejected:

The Cabinet was content that the Cabinet Committee had considered all of the relevant options and that there were no further options to consider.