Decision details

* RESOLVED –

1.   That the updated budget projections for 2017/18, and future years, be noted.

2.   That work be continued to refine the draft estimates and to develop budget saving proposals.

3.   That the use of earmarked reserves be approved.

4.   That the amendment to the Minimum Reserve Provision policy, subject to external audit approval, be noted.

REASON FOR RECOMMENDATIONS

To keep members informed on the development of the budget proposals for 2018/19 and to provide an update on the medium term financial forecasts.