Chichester District Council
Decision details

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:

 

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