Decision details

The Director of Corporate Services submitted a report providing an update of the current approved Financial Plan covering the years 2005-2008.

RESOLVED –

(a)  That the update to the Council’s Financial Plan 2005-2008 be approved and that departments be requested to prepare detailed budgets for 2007/08 in accordance with the principles included within the submitted report.

(b)  That the report be forwarded to the Council’s Overview and Scrutiny Committee as part of their review of the Executive’s initial budget proposals in accordance with the Council’s Constitution.

(c)  That the Board notes the intention to produce a new financial plan once the details of the Comprehensive Spending Review 2007 have been announced and the expected move towards three year budgeting.