Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Cabinet will be presented with an update on the Council’s MTFS for 2015/16 to 2019/20 and the impact of the Chancellor of the Exchequer’s Emergency Budget, and will be asked to approve any necessary budget adjustments.
Cabinet resolved to:
(i) Agree the Council’s MTFS as detailed in the report and note the projected circa £72m budget shortfall from 2016/17 through to 2020/21;
(ii) Agree to the creation of the Ambition 2020 programme as the vehicle for identifying options to close the projected budget gap and deliver the Council’s ambitions;
(iii) Agree the allocation of £1m to fund the initial stages of the Ambition 2020 programme;
(iv) Agree to allocate up to £0.5m from reserves to fund the Growth Commission;
(v) Note the impact of the Chancellor’s Emergency Budget on 8 July on the Council’s in-year position; and
(vi) Agree that officers commence a savings process in respect of the 2016/17 budget gap of £5.71m, in the first instance working these up as “quick wins” in the Ambition 2020 programme.
Report author: Jonathan Bunt
Publication date: 22/07/2015
Date of decision: 21/07/2015
Decided at meeting: 21/07/2015 - Cabinet
Effective from: 30/07/2015
Accompanying Documents: