Resolved
(1) That the updated Medium Term Financial Strategy forecast for the Council’s revenue budget for 2014-15 to 2018/19 be noted.
(2) That the overall 2014-15 budget strategy and service and financial planning process be endorsed.
(3) That the proposed budget guidelines and timetable for 2014-15 budget process be agreed.
(4) That it be agreed that the current Council Tax Reduction Scheme (CTRS) remains as it is for 2014-15.
(5) That support in principle be shown for continuing to work on business rate pooling and agreement be given to carry out more detailed work to ascertain whether Cherwell District Council forms a pool with the County or not for 2014-15 and authority be delegated to the Director of Resources in consultation with the Lead Member for Financial Management to make the final decision.