DECISION

1.    To note the confirmation that the Council is formally on the multi-year settlement and that therefore the level of Revenue Support Grant announced in the 2016 Final Local Government Settlement is ‘guaranteed’ for 2016 – 2020 (Section 3.3 of the report);

2.    To note the outcomes from the Autumn Statement and the implications on the Council’s MTFS planning assumptions (Section 3.4 of the report);

3.    To note the outcomes from the Business Rate revaluation exercise for 2017 and the implications for the Council’s MTFS planning assumptions (Section 3.5 of the report); and

4.    To note the analysis and outcomes from the Your Borough Your Future budget consultation and have due regard to the issues raised in developing its detailed budget proposals (Section 3.6).

Action by:

CORPORATE DIRECTOR, RESOURCES (Z. COOKE)

Service Head, Finance and Procurement (N. Murton)

Councillor David Edgar, Cabinet Member for Resources, introduced the report. He explained that the report included information on how the Government’s Autumn Statement had impacted on the Council.

This report was a lead in to the draft Council budget which would be presented to the January Cabinet meeting.

The Mayor in particular noted the consultation responses received and agreed the recommendations as set out.

RESOLVED

1.    To note the confirmation that the Council is formally on the multi-year settlement and that therefore the level of Revenue Support Grant announced in the 2016 Final Local Government Settlement is ‘guaranteed’ for 2016 – 2020 (Section 3.3 of the report);

2.    To note the outcomes from the Autumn Statement and the implications on the Council’s MTFS planning assumptions (Section 3.4 of the report);

3.    To note the outcomes from the Business Rate revaluation exercise for 2017 and the implications for the Council’s MTFS planning assumptions (Section 3.5 of the report); and

4.    To note the analysis and outcomes from the Your Borough Your Future budget consultation and have due regard to the issues raised in developing its detailed budget proposals (Section 3.6).