Decision details

To consider and approve:
- the Revenue Budget for 2016/17;
- the Capital Programme for 2016/17 onwards based on the level of resources estimated to be available;
- the Council’s financial plans and forecasts for the medium term.

The Executive considered the proposed 2016/17 Revenue Budget, Capital Programme and Medium Term Financial Plan and recommended that the Council Meeting on 3 March 2016:

·         agrees the Budget for 2016/17 described in the report and set out in Appendix Three;

·         notes and comments upon the financial forecasts for 2016/17 to 2020/21 (Appendix Eight), and the key issues to be addressed in formulating a response to the future financial challenges facing the Council;

·         passes the appropriate Council Tax resolutions which produce a Council Tax increase of 3.75% (inclusive of a 2% increase in relation to a Social Care Precept) for Council services as illustrated at Appendix Eleven;

·         approves the capital programme and the funding arrangements as described in section eight of the report and set out at Appendix Nine;

·         approves the prudential indicators set out in Appendix Ten; and

·         notes the risk assessment of the Budget at Appendix Six and the report of the Corporate Director for Corporate and Support Services on the adequacy of proposed financial reserves and robustness of the estimates included at Appendix Seven.

None