Issue - meetings

To consider the report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer, as contained on pages 267 to 274 of the Book of Reports, that provided a summary of the current General Revenue Account budget position.

Questions were raised in respect of the 2% pay claim offer and the Local Government Finance Settlement figure.

RESOLVED:     That the budget position be noted.

(Relevant Portfolio Holder: Councillor Yates)

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

Additional information from the Borough Treasurer was circulated at the meeting (pages 1157-1158 of the Book of Reports).

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

RESOLVED  (A)    That the financial position for 2018-19 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 28 February 2018 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 25 January 2018.