Decision details

RECOMMENDED TO COUNCIL

That:

(1)  The key financial principles and actions of the 5 year financial strategy be as set out in paragraph 6 of the Cabinet report.

(2)  That the current 5 year Financial Model at Appendix 1 be noted.

(3)  That a minimum level of general fund reserves of £5m be set, having considered the recommendations from the Corporate Governance & Audit Committee.

(4)  That this authority continues to participate in a West Sussex Non-Domestic Rates (NDR) pool, until such time as the government fully localise NDR, at which point the situation will be reviewed.

(5)  That the current resources position, as set out in Appendix 2, be noted.

(6)  That a decision on the level of Council Tax for 2016/17 be deferred until the details of the Local Government settlement are known.