To consider a report of the Executive Member for Finance and the Chief Finance Officer.

1. That approval be given to the 2018/19 to 2020/21 proposed budget strategy, draft revenue budget and MTFS including the income and savings proposals as detailed in this report, for the purposes of consultation only (where necessary).

2. That the proposal be approved to refer the 2018/19 to 2020/21 proposed budget strategy, draft revenue budget and MTFS including the income and savings proposals as detailed in the report to the Scrutiny Committee for their consideration.

3. That the Council decision made in February 2017  to increase Council Tax of 4.99% in 2018/19 (comprising 3% adult social care precept and 1.99% general increase) and by 1.99% for 2019/20 and 2020/21 be noted.

4. That the remaining budget gap for the years 2018/19, 2019/20 and 2020/21 be noted.

5. That it be noted that the draft proposals are subject to change following the completion of various consultation exercises, analysis and impact assessments, movements in core funding, specific grants, costing and robustness assessments.

The Executive Member for Corporate Resources and Chief Finance Officer submitted a report which set out the Executive’s updated 3 year budget strategy proposals and draft revenue budget proposals for 2018/19 and Medium Term Financial Strategy (MTFS) for the period 2019-21. The report also included changes to budget assumptions, estimates and movements in funding. An opportunity was provided for Members to ask questions, which centred on timelines for further development of the budget proposals.

            RESOLVED -

(1)        That approval be given to the 2018/19 to 2020/21 proposed budget strategy, draft revenue budget and MTFS including the income and savings proposals as detailed in this report, for the purposes of consultation only (where necessary).

(2)        That the proposal be approved to refer the 2018/19 to 2020/21 proposed budget strategy, draft revenue budget and MTFS including the income and savings proposals as detailed in the report to the Scrutiny Committee for their consideration.

(3)        That the Council decision made in February 2017  to increase Council Tax of 4.99% in 2018/19 (comprising 3% adult social care precept and 1.99% general increase) and by 1.99% for 2019/20 and 2020/21 be noted.

(4)        That the remaining budget gap for the years 2018/19, 2019/20 and 2020/21 be noted.

(5)        That it be noted that the draft proposals are subject to change following the completion of various consultation exercises, analysis and impact assessments, movements in core funding, specific grants, costing and robustness assessments.