Agenda item

The Cabinet considered a joint report of the Corporate Director, Resources and Assistant Chief Executive which provided an update on the Medium Term Financial Plan (MTFP(6)) 2016/17 to 2019/20 and the 2016/17 Budget following the Government’s Local Government Finance Settlement announcement on 17 December 2015, whilst also providing initial feedback from the budget consultation process (for copy see file of minutes).

Councillor Napier advised of the key information that was still awaited on the financial settlement from Government which was expected at the end of January. Due to the robust financial planning the Authority would be in a position to set its budget at the full council in February, however the lateness of the final settlement made it increasingly difficult.

Cabinet members commented on the continuation of the difficult financial pressures that were being made on the Authority and that there would be no other option than to reduce services further.

Resolved:

That the recommendations contained in the report be approved.