E.30/18
Members were presented with a
report that set out the Council’s Medium Term Financial
Position over a rolling five year timeframe to 2023/24. The Council, along with other local authorities,
had faced unprecedented reductions in Government funding since the
Comprehensive Spending Review in 2010.
The Leader
introduced the report. The s151 Officer
responded to questions related to the Business Rates Pilot and the
Negative Revenue Support Grant, and confirmed that a budget
workshop would be taking place on 11 October, 2018.
It wasthen:
RESOLVED
That the Executive:
1.
note the forecast budget gap for 2019/20 of
£0.638 million and the position for future years;
2.
notes the current options identified and timescales
for closing the budget gap in 2019/20 and future years, to achieve
long term financial sustainability; and
3.
RECOMMENDS to
Council to approve recommendations 1 to 10 as set out in the
presented report.