Agenda item

Medium Term Financial Strategy (General Fund budget 2016/17 including Council Tax setting), Housing Revenue Account (including housing rents), Capital Programme 2016/17-2020/21 and Treasury Management Strategy

This report will follow when the February 2016 Cabinet agenda is published on 3 February 2016.

Minutes:

The Finance and Staffing Portfolio Holder and Executive Director, Corporate Services presented the Medium Term Financial Strategy (MTFS) which would be presented to Cabinet on 11 February 2016.

 

The Portfolio Holder recommended the Committee become involved in the development of the MTFS at an earlier stage in the process of its development, which began in November.

 

Clarification was sought regarding the Government’s Autumn Statement announcement about the retention of business rates by Councils. The Portfolio Holder clarified that it was suspected that local government as a whole would eventually retain 100% of business rates, but not the Council as an individual.

 

The Chairman requested the Portfolio Holder make himself available to answer any questions committee members should have regarding the MTFS, ahead of the Cabinet meeting.

 

The Scrutiny and Overview Committee NOTED the report.

Supporting documents: