Decision details

The Executive considered it’s Revenue Budget Proposals for 2017/18 and Capital Programme Investment Plans, and the Council’s financial outlook and challenges across the medium term period 2017/18 to 2021/22 and recommended to the Council Meeting that it:-

·                agree the Budget for 2017/18 described in the report and set out in Appendix 2 and 3 of the report;

·                note the risk assessment of the Budget at Appendix 5 and the report of the Borough Treasurer on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix 5;

·                note and comment upon the financial forecasts for 2017/18 to 2021/22 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

·                approve the 2017/18 to 2019/20 capital programme and the funding arrangements as described in the report and set out at Appendix 7; and

·                approve the prudential indicators set out in Appendix 8.

·                pass the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (inclusive of a 3% increase in relation to the Adult Social Care Precept) for Council services as illustrated in Appendix 9.

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