Issue - meetings

Report of the Director of Finance & Transformation / Section 151 Officer

The Committee received the report as set out on pages 10-15 of the agenda, which asked it to note the contents of the update regarding the Council’s financial position during the final year of the multi-year local government settlement ending in March 2020.

The Director of Finance and Transformation/151 Officer introduced the report and advised the Committee that the authority expects, at this moment in time, to produce a balanced budget via identification of various schemes that can be implemented and fully operational by April 2019. A summary of the risks that the authority may encounter in a post-2020 environment was also provided.

Members welcomed the proactive approach being taken by the Council to the monitoring and management of the various financial risks it faces.

By affirmation of the meeting, it was

UNANIMOUSLY RESOLVED THAT:

The contents of the report be noted by Members.