Agenda item

The Cabinet considered a report of the Corporate Director, Resources which provided a forecast of 2015/16 revenue and capital outturn, based on the period to 30 June 2015 for the Council’s General Fund and Housing Revenue Account.  The report also included forecasts for the Council Tax Collection Fund and Business Rates Collection Fund (for copy see file of minutes).

Councillor Napier in setting out the position of the savings that have been achieved during times of austerity, and how the authority had protected front line services as far as possible, explained the position of the reserves held by the council in that they had been used to balance the budget so it was important to keep healthy balances. In recognising that further cuts would be required he pointed out that they may need to start using some of the reserves to continue the protection of front line services. There would be period of consultation prior to finalising the budget in February 2016.

Resolved:

That the recommendations contained in the report be approved.