RESOLVED:

1.    That the rolled forward MTFS for 2018-22 be noted.

2.    That the latest position with regards to savings already in the MTFS be confirmed.

3.    The approach to setting a balanced budget using weighted controllable expenditure for each department as the basis for the setting of targets be agreed.

4.    That the proposed corporate and departmental targets be agreed.

5.    That the timetable for the Business Plan 2018-22 including the revenue budget 2018/19, the MTFS 2018-22 and the Capital Programme for 2018-22 be agreed.

6.    That the process for the Service Plan 2018-22 and the progress made so far be noted.

The Cabinet Member for Finance presented the report which set out the initial review of the Medium Term Financial Strategy and the approach for setting a balanced budget for 2018-22. 

Cabinet noted that, following publication of the report, advice had been received from the National Employers that an initial pay offer would now be made following the Governments Autumn Budget in November, and not September as originally anticipated.

RESOLVED:

1.    That the rolled forward MTFS for 2018-22 be noted.

2.    That the latest position with regards to savings already in the MTFS be confirmed.

3.    The approach to setting a balanced budget using weighted controllable expenditure for each department as the basis for the setting of targets be agreed.

4.    That the proposed corporate and departmental targets be agreed.

5.    That the timetable for the Business Plan 2018-22 including the revenue budget 2018/19, the MTFS 2018-22 and the Capital Programme for 2018-22 be agreed.

6.    That the process for the Service Plan 2018-22 and the progress made so far be noted.