Issue - meetings

Report of the Chief Officer (Resources).

The Financial Services Manager presented a report which provided an update on the Budget and Policy Framework 2016-2020.

Members were advised that, as the Government was yet to announce the Local Government Financial Settlement, there was little to update Members on. A briefing note would be circulated to Members once the details were known.

It was reported that the City Council was expecting reductions of £1.2 million for 2016/17 and £1.4 million for 2017/18. With regard to the City Council’s balances it was noted that a full review would need to be undertaken.

The Capital Programme had been updated to take into account slippage, ICT upgrades and corporate property repairs.

The Panel was informed that Council housing rents were to be increased by 2% but the Government had issued draft legislation that, if enacted, would undermine the Council’s current rent policy. It would mean a reduction in rents rather than the proposed increase.

Members asked a number of questions on the report.

Resolved :-

That the report be noted.