* RESOLVED –
1. That the Council’s financial performance in the first half of the 2017/18 financial year, and the updated medium term financial forecasts through 2022/23, be noted.
2. That the proposed use of reserves, as set out within section 6 of the officer’s report, and the two new applications to the Budget Risk Reserve, be approved.
3. That the proposed revision of the Financial Strategy to reflect a change in the use of surpluses from the Operational Services Division, be approved.
4. That the position of the Housing Revenue Account budgets be noted.
5. That the proposed budget preparation guidelines and approach to consulting the public on the 2018/19 budget, be approved.
REASON FOR RECOMMENDATIONS
To actively manage the Council’s finances in the current financial year and forecast forward the emerging budget position to future financial years.