Issue - meetings

Report by Corporate Director Alistair Cunningham.

Cllr Philip Whitehead presented a report required by the Local Government Act 2003: Section 25, when a Local Authority agrees its annual budget and Council Tax precept.

Cllr Whitehead referred to a question asked by Cllr Hill at a recent meeting of the Overview and Scrutiny Management Committee about how all aspects of the budget were checked and tested.  The Interim Director of Finance confirmed that each line of the budget was robustly challenged at an early stage, along with the Council tax requirement calculations and the adequacy of the proposed financial reserves.

Resolved:    To note the report as part of the budget setting process.

Reason for Decision:

To enable the Council to:

1.    Report on the robustness of the estimates made for the purposes of the Council Tax requirement calculations

2.    The adequacy of the proposed financial reserves

3.    The Council is required to have due regard to this report when making decisions on the budget.