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 Director of Finance, Assets and Resources outlining options available in order for the Council to move towards a balanced budget for 2017/18.
The Cabinet Member for Finance outlined the contents of the report stating that although a significant amount of work was still continuing in order to set a balanced budget there was still a gap of £231k at the present time. There was a possibility that the New Homes Bonus would be required to balance the budget but that this could not be relied on in future years.
The Cabinet recorded their appreciation of the work taking place within the Finance service.
RESOLVED that the updated budget proposals for 2017/18 outlined in appendix 1 of the report be approved.
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr Mrs M E Squires)
Note: *Report previously circulated, copy attached to minutes.
Publication date: 10/01/2017
Date of decision: 05/01/2017
Decided at meeting: 05/01/2017 - Cabinet
Effective from: 14/01/2017
Accompanying Documents: