Decision details
Medium Term Financial Strategy
PDF 108 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To agree the Council's Medium Term Financial
Strategy, Efficiency Plans and the Multi-Year Settlement.
Decision:
1 That the Commitment Budget for the period 2017/18 to 2019/20, summarised in Annex A of the Borough Treasurer’s report be approved.
2 That the Government’s offer of a four year funding settlement be accepted, subject to the agreement of an efficiency plan at the Council meeting on 14 September 2016.
3 That the proposed budget process and timetable for 2017/18 as set out in paragraphs 5.18 to 5.22 of the Borough Treasurer’s report be approved.
Reasons for the decision:
The recommendations are designed to allow the development of the Medium Term Financial Strategy and to start to consider an appropriate budget strategy for 2017/18 and beyond.
Alternative options considered:
Background information relating to the options considered is included in the Borough Treasurer’s report.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: To set out the Council's Medium Term Financial Plans.
Declarations: none
Subject to Urgent Proceedings: no
Making Representations: In writing to the Borough Treasurer.
Other reasons / organisations consulted
Meetings with interested parties
Consultees
CMT
Members
Contact: Alan Nash, Borough Treasurer Email: alan.nash@bracknell-forest.gov.uk Tel: 01344 352179.
Report author: Alan Nash
Publication date: 18/07/2016
Date of decision: 18/07/2016
Decided at meeting: 18/07/2016 - Executive
Effective from: 26/07/2016
Accompanying Documents: