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Agenda item
Agenda item
GENERAL FUND REVENUE BUDGET 2017/18
Decision:
The Executive resolved as
follows:
To recommend the
Council:
- A
reduction in Bus Route Subsidy of £63,000 as part of its
budget savings proposals (ref. paragraphs 7.1 and 7.2 and line B4.5
of Appendix 2 of the Executive
report)
(Councillor Mrs Wright having
declared a prejudicial interest left the room during consideration of this decision.)
- To
recommend to Council the level of net expenditure for the draft
General Fund Revenue Budget 2017/18 of £120,248,000 (ref.
paragraph 6.2 of the Executive report).
- To
recommend to Council budget savings of £18.637m (ref.
paragraphs 7.1 and 7.2 and Appendix 2 of the Executive report).
Noting that the total of decisions 1 and 3 equal a total budget
savings of £18.7m.
- To
recommend to Council that the Chief Executive be authorised to take
any necessary steps to ensure all staffing savings are achieved
(ref. paragraph 8.1 of the Executive report)
- To
recommend to Council that the business loans fund is increased from
£10m to £100m with immediate effect (ref. paragraph 8.3
of the Executive report)
- To
recommend to Council that the target level of working balances
remains at £6m (ref. paragraph 10.4, of the Executive
report)
- To
recommend a detailed review of earmarked reserves takes place at
Provisional Outturn 2016/17 to reprioritise and unearmark funds to replenish working balances to
their target level in 2017/18 (ref. paragraph 10.4, of the
Executive report)
- To
consider the report of the Budget Scrutiny Review Panel as attached
at Appendix 3 and consider any actions arising from that
review.
- To
note that the Tourism, Economy and Resources Scrutiny Committee
will be formally consulting the Trade Unions and Business
Ratepayers on the proposals on the morning of 10 February
2017.
Supporting documents: