Issue - meetings

To consider the report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer, as contained on pages 351 to 368 of the Book of Reports, which set out the challenging financial position facing the Council over the next 3 years.

RESOLVED:   A.   That the progress made in delivering the £1.06m package of efficiencies, additional income and savings that have been agreed for the 2018-19 financial year be noted.

B.   That the Medium Term Financial Forecast for 2019-22, including the need to generate further ongoing savings and income of £1.91m per year to maintain the Council's financial health, be noted.

C.   That the adjustments to reserves, set out in paragraph 6.3 of the report, be approved to ensure that there is sufficient funding available to support the Council's budget position over the next 3 years.

D.   That any future staff restructuring costs arising from the Sustainable Organisation Review or other processes be financed from available capital receipts.