Decision details

Cabinet considered the head of finance’s report on the revenue budget 2016/17 and the capital programme to 2020/21.  The report brought together the relevant information for Cabinet to recommend a budget and capital programme to Council on 17 February 2016.  Tabled at the meeting was appendix E setting out the prudential indicators for recommendation to Council.  A budget briefing had taken place earlier in the week, to which all councillors had been invited. 

The leader recommended Cabinet to forward the budget on to the Council for approval.  Cabinet agreed, and thanked the officers for their work in preparing the draft budget. 

RESOLVED: to agree that the leader of the council may make minor adjustments to the budget report and the prudential indicators, in conjunction with the head of finance, should they prove necessary following the publication of the final Local Government settlement and prior to the budget’s submission to Council on 17 February 2016.

RECOMMENDED to Council to:

(a)       set the revenue budget for 2016/17 as set out in appendix A.1 to the head of finance’s report to Cabinet on 5 February 2016;

(b)       approve the capital programme for 2016/17 to 2020/21 as set out in appendix D.1, together with the capital growth bids set out in appendix D.2 of the head of finance’s report;

(c)       set the council’s prudential limits as listed in appendix E to the head of finance’s report;

(d)       approve the medium term financial plan to 2020/21 as set out in appendix F.1 to the head of finance’s report;

(e)       authorise the head of finance, in consultation with the leader of the council, to issue an efficiency statement to government in order to secure a four year settlement, if this is considered to be beneficial to the council.