The report is produced annually to update the Cabinet on the budget strategy and normally follows the publication of the provisional finance settlement figures. The Autumn Statement was given by the Chancellor of the Exchequer on 3rd December 2014 and the provisional finance settlement, although imminent, had not been received at the time of writing this report.
A decision on the recommendations in this report also enabled the Cabinet to formally consult the Strategic Leadership and Corporate Services Overview and Scrutiny Committee on the current situation in relation to the budget strategy in January 2015. Such consultation is a requirement of the Constitution.
It was essential that Cabinet considered the latest information at this time in order to remain on target for a balanced budget to be presented to Council at the end of February 2014.
Decision type: Key
Reason Key: Budget Reports;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 21/05/2014
Decision due: 17 Dec 2014 by Cabinet.
Department: Finance
Contact: 01622 602396 Email: paulriley@maidstone.gov.uk.