Decision details

RECOMMENDED TO CABINTET:

(1)       That Cabinet notes the expected Central Government funding levels.

(2)       That Cabinet notes the estimated position on the Collection Fund and how this will be funded.

(3)       That Cabinet confirms that Council Tax increases for 2019/20 should be in line with the Medium Term Financial Strategy.

(4)       That Cabinet notes the position relating to the General Fund balance and that due to the risks identified a minimum balance of £1.96 million is recommended.

(5)       That Cabinet approves the increase in the 2018/19 working budget of £116k, and to note the expected impact in 2019/20 of a £164k reduction in budget.

(6)       That Cabinet notes and comments on the requests for the carry-forward of budget of £41k from 2018/19 to 2019/20.

(7)       That Cabinet approves the inclusion of the efficiencies and investment proposals at Appendix B in the General Fund budget estimates for 2019/20.

(8)       That Cabinet notes the savings target in future years.

(9)       That Cabinet notes the estimated 2019/20 net expenditure of £15.1 million, as detailed in Appendix A, and recommends this budget to Council.

REASON FOR DECISIONS:

(1)          To ensure that all relevant factors are taken into consideration when arriving at the proposed Council Tax precept for 2019/20.

(2)          To ensure that the Cabinet recommends a balanced budget to Council on 7 February 2019.