Decision details

That the Executive:

1. Agree the draft budget proposals for 2015/16 as the basis for consultation with the Overview & Scrutiny Commission and other interested parties or individuals.

2. Agree the Treasury Management Strategy and associated documents at Annexe E of the Borough Treasurer’s report and request that the Governance and Audit Committee review each of the key elements.

3. Agree that the 2015/16 Schools Budget be set at the estimated level of grant income plus any accumulated balances, with the Executive Member for Children, Young People and Learning authorised to make amendments and agree budgets for schools and services centrally managed by the Council.

4. Approve the virements relating to the 2014/15 budget as set out in Annexes F and G of the Borough Treasurer’s report and recommend those that are over £0.100m for approval by Council.

The recommendations are designed toallow the Executive to consult on its draft budget proposals for 2015/16 as required by the Local Government Act 2003.

The range of options being considered is included in the Borough Treasurer’s report and its annexes.

None

Method of Consultation: The Council’s web site, a dedicated mailbox and a letter to all business ratepayers.

Targeted consultation exercises will be undertaken with business rate payers, the Schools Forum, Parish Councils and voluntary organisations. In addition, this report and all the supporting information will be publicly available to any individual or group who wish to comment on any proposal included within it. Internal consultation is via officers, members and more specifically the Overview & Scrutiny Commission and its panels.