Issue - meetings

Cabinet considered a report providing an update of the forecast outturn Financial Position for 2017/18 on revenue as at 30 September 2017, and the County Council's updated Medium Term Financial Strategy for the period 2018/19 to 2021/22.

The report also set out budget proposals for Cabinet to consider. It was confirmed that the proposal included in the report relating to the Foundation Living Wage would not be taken forward.

Resolved: That:

  i.  the forecast underspend of £7.498m on the 2017/18 revenue budget be noted.

  ii.  the revised Medium Term Financial Strategy (MTFS) and funding gap of £161.218m covering the period 2018/19 to 2021/22 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 budget proposals CORP 001 – Vacancy factor and CORP 003 – Terms and Conditions as set out at Appendix D be approved for the purposes of consultation, where necessary, with the recognised Trade Unions, the outcome of the consultation to be reported back to Cabinet at a future meeting