Decision details

The Cabinet consider it’s proposed 2018/19 Revenue Budget and Capital Programme Investment Plans, outlining the Council’s financial outlook and challenges across the medium term period 2018/19 to 2022/23 and recommended to the Council Meeting that it:

•     approve the Budget for 2018/19 described in the report and set out in Appendix 2 and 3;

•     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 2018/19 to 2022/23 (Appendix 6), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

•     approve the 2018/19 to 2020/21 Capital Programme and the funding arrangements as described in the report and set out at Appendix 7;

•     approve the prudential indicators set out in Appendix 8; and

•     pass the appropriate Council Tax resolutions which produce a Council Tax increase of 4.99% (2.99% General increase and 2% Adult Social Care Precept increase) as illustrated in Appendix 9.

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