Purpose

It is a legal requirement under Section 25 of
the Local Government Act 2003 for this report to be presented to
Council for consideration immediately prior to setting the Budget
and Council Tax. The recommendations aim to ensure that Council is
aware of the opinion of the Chief Finance Officer regarding the
robustness of the budget as proposed and the adequacy of general
balances and reserves. This report will outline the robustness of
the budget, the key risks and the level of reserves to support the
Council’s financial resilience