Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Cabinet had before it a *report of the Deputy Chief Executive (S151) reviewing the revised draft budget changes identified and to request discussions on any further changes required in order for the Council to move towards a balanced budget for 2019/20.
The Cabinet Member for Finance outlined the contents of the report informing the meeting that in his previous report to the Cabinet in October he had stated that the proposed budget gap was £662k, this had now been reduced to £253k and it was hoped that this could be reduced further. He explained the provisional settlement from central Government and the increased funding from the Rural Services Delivery Grant. It was felt however that some money from reserves would be required to balance the budget.
Consideration was given to the amount of money held in the reserves.
RESOLVED that the draft updated General Fund budget proposals for 2019/20 be AGREED.
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr R L Stanley)
Note: * Report previously circulated, copy attached to minutes.
Publication date: 08/01/2019
Date of decision: 03/01/2019
Decided at meeting: 03/01/2019 - Cabinet
Effective from: 12/01/2019