Agenda and minutes

To confirm the minutes of the meeting held on 9 December 2015.

The minutes of the Cabinet meeting held on 9 December 2015 were agreed as a correct record.

To receive any disclosures of interest from Councillors in accordance with the Council’s Code of Conduct for members.

There were none.

Councillor Evans

Cabinet considered a report on the Treasury Management Strategy Statement and Annual Investment Strategy for 2016-17.

RESOLVED TO RECOMMEND that Council approves the proposed

Treasury Management Strategy Statement and Annual Investment Strategy for 2016-17.

Reason for the decision:

Cabinet noted that the successful identification, monitoring and control of risk are central to the Council’s Treasury Management and Annual Investment Strategies and therefore subsequent financing of the Council’s services to local residents.

Councillor Evans

Cabinet received a report on the Outline Budget 2016-17 to 2019-20.

RESOLVED that Cabinet agrees that:

·         The net budgeted expenditure (before investment and use of reserves) for 2016-17 be set at a maximum level of £14.4m

·         That the financial health indicators set out in paragraph 3.20 be agreed

·         That the Council accepts, in principle, the Government offer of a 4-year funding settlement in order to protect the Council against risk of further increases in payments it is required to make in future years to the Government.

Councillor Edgington

Cabinet considered a report on the Annual Pay Policy Statement 2016-17.

RESOLVED TO RECOMMEND that Council approves the Pay Policy Statement for 2016-17.

Reason for the decision:

Cabinet noted that the Localism Act 2011 required local authorities to publish an annual pay policy statement to increase transparency regarding the use of public funds to pay Council staff.

To receive any announcements from the Leader.

There were none.

Councillors are requested to identify any issues to be considered at future meetings.

There were none.

To consider any items which the Chairman considers as urgent.

There were none.