Agenda item

The Executive received a detailed report and recommendations on the revenue estimates for 2016/17, which had included a savings target and amounts chargeable to reserves.  However Members were advised that since the preparation of the report the Secretary of State for Communities and Local Government had, on 8 February 2016, announced the final local government finance settlement for 2016 to 2017.  It was noted that, as the details of the final settlement impacted on contents of the report and the consequent recommendations they would need to be reconfigured to reflect the final settlement.  As there was insufficient time to bring the report back to the Executive, it was agreed that authority be delegated to the Executive Head of Finance, after consultation with the Finance Portfolio Holder, to report to Council with revised recommendations.

Resolved that, in the light of the recent announcement by the Secretary of State for Communities and Local Government on the final local government finance settlement for 2016 to 2017, the Executive Head of Finance, after consultation with the Finance Portfolio Holder, be authorised to revise and update the report and to make recommendations to Full Council on 24 February 2016.