Issue - meetings

To determine Cabinet’s approach to the annual update of the Council’s Medium Term Financial Plan (MTFP). This is reported to full Council each year, and sets a framework for the development of draft spending plans for future years by officers and Cabinet.

Wards: All

Officer: Eamonn Croston, Service Director, Finance. Tel: 01484 221000

               Sarah Hill, Finance Manager Tel: 01484 221000

(1) That the funding and spend assumptions informing the updated budget forecasts, as set out in section 2 of the report, be noted.

(2) That the joint Leeds City Region/North Yorkshire Business rates Pilot bid for 2019-2020 be noted and endorsed.

(3) That the existing capital budget plans rolled forward as set out at Appendix D, incorporating a draft year 5, be noted.

(4) That approval be given to the budget planning framework, as set out within the report.

(5) That approval be given to the corporate budget timetable and approach as set out at Appendix G.

(6) That approval be given to the budget consultation approach and timetable, as set out within the report.

(7) That the report be submitted to Council on 10 October 2018 with a recommendation;

(i) That approval be given to the updated baseline general fund revenue and Housing Revenue Account budget forecasts over the    2019-2022 period, as set out at Appendix A (general fund) and Appendix C (HRA) of the considered report.

(ii) That approval be given to the revisions to earmarked reserves and general balances, as set out at Appendix B.

(iii) That approval be given to the changes to the existing plan, as set out at Appendix D.

(iv) That approval be given to the flexible receipts strategy, as set out at Appendix E.