Issue - meetings

To consider a report by the Head of Financial Services.

Noted the contents of the report and agreed that in considering the financial forecast for the period ending 2017/2018 full Council’s attention be drawn to –

¨  past successes in controlling spending and obtaining additional grant funding, the continuation of which it is hoped will form important elements in reducing future spending;

¨  the development of five-year visions which it is anticipated will contribute towards additional spending reductions and help prioritise proposals for service developments; and

¨  the major uncertainty over future grant levels and the consequent inability to develop accurate plans until the three year grant levels are known in December.

Further to Minute No. 07/21 and by way of a report by the Head of Financial Services (a copy of which is appended in the Minute Book) the Cabinet were acquainted with a financial forecast for the period up to 2017/18 in terms of three assumed scenarios.  The outcome of deliberations by the Overview and Scrutiny Panel (Corporate and Strategic Framework) on the matter also were noted.

Having regard to information contained in the report, the uncertainty as to the future levels of Government grant, the implications of possible changes to the concessionary fares scheme and the upcoming review of schemes in the Medium Term Plan, the Cabinet

RESOLVED

  (a)  that the contents of the report be noted; and

  (b)  that in considering the financial forecast for the period ending 2017/2018 full Council’s attention be drawn to –

¨  past successes in controlling spending and obtaining additional grant funding, the continuation of which it is hoped will form important elements in reducing future spending;

¨  the development of five-year visions which it is anticipated will contribute towards additional spending reductions and help prioritise proposals for service developments; and

¨  the major uncertainty over future grant levels and the consequent inability to develop accurate plans until the three year grant levels are known in December.