Issue - meetings
Draft budget 2017/18
Meeting: 19/01/2017 - Economy & Assets Policy Development Group (Item 55)
55 Budget 2017/18 - update 
PDF 122 KB
To receive a report from the Director of Finance, Assets and Resources considering the options available in order for the Council to move towards a balanced budget for 2017/18.
Additional documents:
- App 1 PDG GF Summary, item 55
PDF 12 KB
- App 2 PDG Service Movements, item 55
PDF 22 KB
- App 3 to 8, item 55
PDF 262 KB
Minutes:
The Group had before it, and NOTED, a report * from the Director of Finance, Assets and Resources considering options available in order for the Council to move towards a balance budget for 2017/18.
The Principal Accountant informed the Group that in November 2016 the budget gap had been £419k and had now been reduced to £231k. The main reasons related to the business rate pool and increases in tonnages for recycling. However, income had been reduced for garden waste permits and there was more pressure regarding New Homes Bonus going forwards. An updated report would be brought to the Cabinet meeting on 2 February where it was hoped the gap would have been reduced further still with Members having to decide how any remaining gap could be bridged.
Note: * Report previously circulated, copy attached to the signed minutes.