RESOLVED:

That Cabinet

a)     notes the financial information arising from the Provisional Settlement 2015-16 and that the financial implications will be incorporated into the draft MTFS 2015-19 and draft capital programme 2015-19.

b).    notes the draft Performance Management Framework and agrees the Corporate Indicators set for 2015/16

c).    considered and approved the draft Risk Management Strategy

The Cabinet Member for Finance presented the latest version of the Business Plan 2015-16, which including the provisional Local Government Settlement for 2015/16.

He stated that the assumptions that the Council’s finance team had been working to as part of its medium term financial planning, were very close to the provisional settlement figures. Therefore it justified that the Council’s approach to financial planning was correct, in terms of planning for the future through savings, rather than taking a short term view of having to simply make cuts year on year dependent on the settlement.

The report also included the draft Corporate Indicators for 2015/16 and the draft Risk Management Strategy. It was noted that the Council would be receiving an additional ring-fenced £6.5millons for schools, as part of the Dedicated School Grant.

RESOLVED:

That Cabinet

a)     notes the financial information arising from the Provisional Settlement 2015-16 and that the financial implications will be incorporated into the draft MTFS 2015-19 and draft capital programme 2015-19.

b).    notes the draft Performance Management Framework and agrees the Corporate Indicators set for 2015/16

c).    considered and approved the draft Risk Management Strategy