Decision - 4 Year Resource and Integrated Service and Financial Planning Update

RESOLVED – That the Committee:

1)     Note the resource and net expenditure projections for 2017/18 and the Medium Term Financial Strategy (MTFS) projections set out in the body of the report and appendices 1 and 2 based on 1.99% Council Tax increases and annual 2% Adult Social Care precept.

2)     Note the revised savings requirement of £44.4 million over the 3 years 2017/18 to 2019/20, including £18.2 million in 2017/18, to be used for budget setting purposes as detailed at paragraph 3.11.

3)     Instruct the Executive Leadership Team (ELT) to refresh the current 4 Year Service & Financial Plans and develop further savings proposals to address any outstanding budget gaps, in particular for 2017/18, based on the MTFS assumptions in this report for consideration by Policy, Resources & Growth Committee.

4)     Agree the proposed approach to reviewing the Council Tax Reduction Scheme as set out in paragraphs 3.23 & 3.24.

5)     Note the resource projections for the Capital Investment Programme as shown in appendix 3.