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  • Issue

    • Issue - meetings

    Draft Robustness of Budget Estimates and Adequacy of Reserves

     

     

    Meeting: 10/01/2023 - Cabinet (Item 53)

    53 Draft Robustness of Budget Estimates and Adequacy of Reserves pdf icon PDF 494 KB

    The Report of the Head of Finance/Section 151 Officer.

    Presented by the Corporate Portfolio Holder.

    Minutes:

    The Corporate Portfolio Holder presented the statutory report of the Section 151 Officer. It was noted that the report set out key risks and specific actions to ensure financial stability, the most important being to implement a medium term financial plan to bridge the forecast funding gap in the General Fund over the medium term. Risks were highlighted, including inflation and the possible loss of business rates in the future.

     

    It was moved by Councillor N Rushton, seconded by Councillor R Ashman and

     

    RESOLVED THAT:

     

    The S151 Officer’s advice set out in Section 7 be noted and the content of this report as part of proposing the draft budget for consultation be considered.

     

    Reason for decision: To ensure the Council meets its statutory requirements when considering its budget.