Decision details

Cabinet considered a report providing an update of the forecast outturn Financial Position for 2016/17 on revenue and capital as at 30th September 2016, and the County Council's updated Medium Term Financial Strategy for the period 2016/17 to 2020/21 including some additional efficiency savings for the County Council.

Resolved: That

  i.  the forecast underspend of £13.271m on the 2016/17 revenue budget be noted;

  ii.  the revised funding gap of £146.133m covering the period 2017/18 to 2020/21 (cumulative gap £411.207m) be noted;

  iii.  the position in respect of the Council's reserves and to agree the transfers outlined in the report be noted;

  iv.  the position in respect of the Capital Programme in-year delivery and overall capital financing requirements covering the period 2016/17 –2020/21 be noted

  v.  the budget proposals set out within Appendix 'B' (Section 3.6) and Appendix 'D', authorise officers to proceed with their implementation and agree that the 2017/18 budget is based upon these revenue decisions be approved