Decision details
Four year funding settlement
Decision Maker: Cabinet, Council
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Decisions:
Cabinet received a report of the Head of Finance (Shared Services) regarding the decision on whether to accept the Government’s offer.
The Shared Director of Finance explained that there was a four year deal offered by the government for funding until 2019-2020. The recommendation was that the council accepted the deal. This was in order to provide some certainty for future funding, and it was unlikely that those that did not accept the deal would gain a better settlement.
In response to a question from Councillor Taylor, the Shared Director of Finance explained that some councils had not accepted the offer either due to negative revenue support grant or for political reasons. The vast majority of authorities had or were indicating that they would accept the government’s offer.
The Mayor commented that the report would be going to the Council meeting on the following evening, 11 October.
RESOLVED
That Cabinet recommends to Council that:
1. the offer be accepted
2. if Council accepts the government’s offer then they should also agree and approve the Efficiency Plan at Appendix 1 of the report to allow the four-year settlement to be taken.
Report author: Joanne Wagstaffe
Publication date: 19/10/2016
Date of decision: 10/10/2016
Decided at meeting: 10/10/2016 - Cabinet
Accompanying Documents: