RESOLVED that Cabinet approves:-
(a) the latest financial forecast set out in Appendix A;
(b) that if the financial position changes prior to Council considering the budget on 11 February 2019, delegation be given to the Chief Executive to adjust the forecast / budget, including the use of Reserves, in consultation with the Corporate Finance and Governance Portfolio Holder;
(c) that in consultation with the Leader of the Council and the Corporate Finance and Governance Portfolio Holder, the Chief Executive reports directly to Council in respect of the formal draft resolutions necessary to implement the Cabinet’s budget proposals along with any late information or notifications received from the Ministry for Housing, Communities and Local Government etc.;
(d) that the Resources and Services Overview and Scrutiny Committee be thanked for the work they have undertaken, and continue to undertake, in supporting the development of the forecast / budget and agrees the comments of the Corporate Finance and Governance Portfolio Holder in response to those of the Committee as set out in this report;
(e) that in respect of the Treasury Strategy 2020/21, delegation be given to the Portfolio Holder for Corporate Finance and Governance to approve the Strategy for consultation with the Resources and Services Overview and Scrutiny Committee.
RECOMMENDED TO COUNCIL that, following the consideration of the comments from the Resources and Services Overview and Scrutiny Committee the following, final, budget proposals be made (based on a £5 increase in a Band D Council Tax for district services):-
(a) that the detailed budgets as per Appendix D of this report be approved which provide for a Council Tax Requirement for 2020/21 of £8.354m (excluding parish precepts);
(b) that the Council agrees and formally approves:
(i) the specific recommendations, calculations and other matters in respect
of the Council’s requirements – Appendix F; and
(ii) the Council Tax for this Council’s services – Appendix I.