64 2019/20 Budget and Medium Term Financial Forecast PDF 133 KB
To consider a report by the Lead Member for Finance.
Minutes:
The Committee
considered a report by the Lead Member for Finance on the 2019/20 budget, future financial forecast and the strategic budgetary
approach to enable the Dorset Council to deliver sustainable services.
Attention was drawn to
savings required throughout 2019/20 and beyond, including stranded costs. The
Budget Working Group would continue to address the budget challenges of the new
council and further information would be shared with members as it was made
available, which would include costs of the organisational design to deliver
services. A particular request was received to illustrate the relationship
between income derived from fees and charges against other income such as
Council Tax.
Decision
1. That the current financial forecast for
2019/20 be noted and the strategy for balancing the budget of focusing on
convergence savings be approved.
2. That the outline forecast for futures years and work being
undertaken to ensure future financial sustainability be noted.
Reason for
Decisions
To enable the development of budget proposals for 2019/20 that would set the foundations to creating a financially sustainable council.