Agenda item
Draft Budget & Medium Term Financial Plan 2017/18 – 2020/21
The report proposes the Budget for 2017/18 and updates the Medium Term Financial Plan (MTFP) approved by Council in February 2016.
Decision:
That the draft Budget for 2017/18 and the updated Medium Term Financial Plan 2017/18 – 2020/21 be approved as the basis for consultation with the Overview and Scrutiny Committees and other interested parties.
Minutes:
The Executive considered a report from the Executive Member for Corporate Resources that proposed the draft budget for 2017/18 and updated the Medium Term Financial Plan (MTFP). It was noted that the Provisional Financial Settlement for Local Government had only been released on 15 December 2016 and that it had not been possible for the full implications of this to be incorporated within the Executive report. This included the announcement that councils would be permitted to apply a Social Care Precept of up to 3% in 2017/18.
Further details were still expected from the Government on proposals for the 100% retention of National Non Domestic Rates by authorities.
These issues and any other Government announcements, together with the outcome of the consultation, would be taken into account in the final budget proposals considered by the Executive on 7 February before recommendations were made to Council.
In response to questions, the Executive Member for Social Care and Housing highlighted Appendix F, and drew attention to the Council’s specific statutory duties in relation to specific budget proposals.
In response to a question, the Executive Member for Corporate Resources explained the purpose of general and earmarked reserves and the implications of drawing on these. Reserves had been reviewed and it was unsustainable to use reserves to fund reoccurring expenditure.
Reason for decision: To enable consultation on the draft budget 2017/18 and MTFP 2017-2021, prior to recommendations being made by the Executive on 7 February 2017 to Council on 23 February 2017.
RESOLVED
that the draft Budget for 2017/18 and the updated Medium Term Financial Plan 2017/18 – 2020/21 be approved as the basis for the consultation with the Overview and Scrutiny Committees and other interested parties.
[NOTE: Cllr Mrs Barker and Zerny arrived during this item.]
Supporting documents:
- Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21, item 89. PDF 209 KB
- Appendix B(i) - Draft Budget & Medium Term Financial Plan 2017/18 - MTFP 4 year Summary, item 89. PDF 189 KB
- Appendix B(ii) Directorate Priorities, item 89. PDF 144 KB
- Appendix C(i) - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Pressures Summary, item 89. PDF 92 KB
- Appendix C (ii)- Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Pressures by Directorate, item 89. PDF 161 KB
- Appendix D(i) - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21- Efficiencies Summary, item 89. PDF 91 KB
- Appendix D(ii) - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Efficiencies by Directorate, item 89. PDF 475 KB
- Appendix D(iii) - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Efficiences by Category, item 89. PDF 135 KB
- Appendix E - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Net Budget, item 89. PDF 10 KB
- Appendix F - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Statutory Requirements, item 89. PDF 224 KB
- Appendix G - Draft Budget & Medium Term Financial Plan 2017/18 - 2020/21 - Reserves, item 89. PDF 54 KB