Decision - Budget Update and Budget Process 2014/15

(1)               That the resource and expenditure projections for 2014/15 set out in the body of the report and appendix 1, and the Medium Term Financial Strategy (MTFS) projections set out in appendix 2 be noted;

(2)               That the Executive Leadership Team be instructed to develop budget proposals for 2014/15, for submission to Policy & Resources Committee for consideration, on the basis of:

·         a 2% council tax increase;

·         the purpose, ambition and priorities set out in the corporate plan and principles set out in paragraph 3.44 of the report;

·         the consultation and engagement approach set out in paragraph 4 of the report.

(3)               That the Executive Leadership Team be instructed to identify options to meet the 2014/15 savings target of £23.6m and expand the proposals currently contained in the MTFS to provide more detail over the subsequent 4 year period; and to report such options and proposals to Policy & Resources Committee for consideration.

(4)               That the proposed approach to reviewing the Council Tax Reduction Scheme as set out in paragraphs 3.24 to 3.26 of the report be agreed; and

(5)               That the resource projections for the capital investment programme as shown in appendix 3 to the report be noted.