Issue - meetings

Report of the Head of Finance

Presented by the Corporate Portfolio Holder

The Corporate Portfolio Holder presented the report to members, highlighting the assumptions made in producing the report and the potential risks to income and the budget.

Councillor R Blunt commented that this had been a time of unprecedented change.  He added that the Council would continue to be prudent with public money.

It was moved by Councillor N J Rushton, seconded by Councillor R Blunt and

RESOLVED THAT:

a)    The Medium Term Financial Strategy be approved as outlined in this report and the outline timetable for the 2016/17 budget process be noted.

b)    The transfer of £600k to a special projects reserve be approved, to be funded from the 2014/15 revenue budget underspending.

Reason for decision: Requirement of the budget setting process.