Agenda item

Provisional Medium Term Financial Strategy 2014/15 - 2017/18.

Minutes:

The Cabinet considered a report of the Director of Corporate Resources setting out the proposed Medium Term Financial Strategy (MTFS) for 2014/15 to 2017/18, for consultation and scrutiny. A copy of the report, marked ‘4’, is filed with these minutes.

 

Members noted comments received from the Liberal Democrat Group, a copy of which, marked ‘4a’ is filed with these minutes.

 

Members also noted that with regard to Business Rates Pooling, referred to in paragraphs 21 and 22 of the report, the Chief Executive had taken action under his delegated powers in the case of urgency, following consultation with the Leader, to advise the Department of Communities and Local Government that the County Council did not wish to continue with the Leicester and Leicestershire Business Rates Pool for 2014/15. The deadline for this to be done was 14 January 2014 (not 15 January as stated in the report) and could not therefore be left to be determined at the meeting.

 

Mr Rhodes congratulated officers on their hard work in preparing the provisional MTFS.

 

RESOLVED:

 

a)    That the proposed MTFS including the 2014/15 revenue budget and capital programme be approved for consultation and referred for consideration to the Overview and Scrutiny Committees and the Scrutiny Commission;

 

b)    That the County Council's response to the Government’s consultation on the 2014/15 Grant Settlement (as set out in Appendix B to the report) be approved;

 

c)    That the action taken by the Chief Executive regarding the issue of Business Rates Pooling, as now reported, be noted.

 

(KEY DECISION)

 

REASONS FOR DECISION:

 

1.    To enable the County Council to meet its statutory requirements with respect to setting a budget and Council Tax precept for 2014/15 and to provide a basis for the planning of services over the next four years.

 

2.    The County Council’s General Scheme of Delegation requires that any urgent action taken by the Chief Executive between meetings is reported to the next appropriate meeting of the body concerned.

 

Supporting documents: