Decision details

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.