39 Finance & Performance Management Cabinet Committee - 20 July 2017 PDF 88 KB
(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.
Additional documents:
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.
Minutes:
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.