Issue - meetings

This report presents an update to the Financial Strategy 2016/17 to 2020/21 as agreed by Council on 25February 2016 and sets out the outline process for the 2017/18 to 2021/22 Financial Strategy. It includes a 4 year Efficiency Plan as required by government policy and updates Members on the latest government announcements in relation to funding. 

Resolved:  That Executive agree to the outline budget planning process for 2017/18 to 2021/22 as outlined in the report.

Reason:     In order to achieve the proposed savings and efficiencies set out in the Council’s Financial Strategy and Efficiency Plan and protect priority areas and key statutory safeguarding services

[See also Part B minute]

Members considered a report which presented an update to the Financial Strategy for 2016/17 to 2020/21and set out the outline process for the 2017/18 to 2021/22 Financial Strategy.

Members were reminded that the Strategy had set out the strategic direction towards achieving savings proposals in each Directorate over the 4 year period, which included the protection of priority areas and safeguarding key statutory services. Members also noted details of the funding sources and the significant areas of investment approved over the last 12 months. It was noted that moving forward the Strategy would build on work to identify the strategic direction and transformational approach to each service area, with final proposals being presented to Budget Council in February 2017.

Resolved:  That Executive agree to the outline budget planning process for 2017/18 to 2021/22 as outlined in the report. ^1.

Reason:     In order to achieve the proposed savings and efficiencies set out in the Council’s Financial Strategy and Efficiency Plan and protect priority areas and key statutory safeguarding services