Decision details
Financial Strategy and Plan 2017-2018
Decision Maker: Corporate Governance & Audit Committee, Cabinet, Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The purpose of this report is to update the Council’s financial strategy and action plan to help guide the management of the Council’s finances during a period of diminishing resources, and to build upon the work already achieved in this area in previous years.
The key recommendations from this report will help to formulate the 2017-18 budget, and level of Council Tax.
(recommendation to Council)
Decision:
RECOMMENDED TO THE COUNCIL
That the Council:
(1) Approves the key financial principles and actions of the five-year financial strategy set out in appendix 1 to the agenda report.
(2) Notes the current five-year Financial Model in appendix 2 to the agenda report.
(3) Approves the setting of a minimum level of general fund reserves, having considered the recommendations from the Corporate Governance and Audit Committee.
(4) Approves the continuing participation by Chichester District Council in a West Sussex NDR pool for 2017-2018.
(5) Notes the current resources as set out in appendix 3 to the agenda report.
Report author: Mr John Ward
Publication date: 08/12/2016
Date of decision: 06/12/2016
Decided at meeting: 06/12/2016 - Cabinet
Accompanying Documents: