Decision details

To consider the draft Council Plan 2016/17, the Revenue Budget and Capital Programme and to consider whether to implement the savings proposals set out in the report.  

5.1       The Cabinet considered a report by the Chief Executive.

5.2       It was RESOLVED to:

1)            agree to the development of a three year business and financial plan based on existing priority outcomes and operating principles;

2)                  note the anticipated financial context for the period 2016/17 to 2018/19 is a savings requirement of £70m - £90m, subject to any announcements which affect financial plans in the budget on 8 July 2015, with plans to be developed for savings of £20m - £25m in 2016/17 for initial consideration by Cabinet in October;

3)            note the evidence base on demographics and the policy and resources outlook set out in the report and in Appendix 2 and 3;

4)            agree the proposed areas of search for savings proposals for consideration by Cabinet in October, as set out in paragraphs 4.12 – 4.16 and 6.4 of the report;

5)            note the developing proposals for lobbying communications and engagement as set out in paragraph 7 of the report;

6)            agree the revised capital programme in Appendix 4;

7)            note the progress made in identifying capital pressures and potential resources in Appendix 4; and  

8)            recommend the County Council to agree the amendments to the Treasury management Strategy set out in Appendix 5 to facilitate investment in a wholly local government owned municipal bond agency

Reason

5.3       The report begins our Reconciling Policy, Performance and Resources process for 2016/17 and beyond