Issue - meetings

To consider the report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer that provided a summary of the current General Revenue Account budget position.

The Deputy Borough Treasurer attended the meeting and provided an overview and clarification on issues raised referring to detail as set down in the report. 

RESOLVED:  That the report be noted.

(Relevant Portfolio Holder: Councillor C Wynn)

Councillor Wynn introduced the report of the Borough Treasurer which provided a summary of the current General Revenue Account budget position.

Appendix A to the report was circulated at the meeting.

In reaching the decision below, Cabinet considered Appendix A, the details as set out in the report before it and accepted the reasons contained therein.

RESOLVED  (A)    That the financial position for 2017-18 and later years be noted, and consideration given to how a balanced budget can be achieved.

                        (B)    That the Portfolio Holder for Finance be given delegated authority to submit firm proposals to Council on 22February 2017 to enable the budget to be set.

                        (C)    That call-in is not appropriate for this item as it is to be submitted to the next meeting of the Executive Overview and Scrutiny Committee on 26 January 2017.