That it be recommended to Council:

1.         That the proposals identified for service change, income generation and efficiencies in 2018/2019, as set out in the Elected Mayor’s Response to Consultation and the Draft Revenue Budget Digest, be approved.

2.         That the net revenue expenditure of £112.006m resulting in a Council Tax requirement of £65.477m for 2018/2019 (a 5.99% increase in Council Tax which includes a 3% increase specifically for adult social care) be approved.

3.         That, in relation to 2 above, the Council’s commitment (by a statement signed by the Chief Financial Officer) to allocate the additional funding of £1.851m raised by the 3% increase in Council Tax to adult social care be confirmed.

4.         That the Dedicated Schools Grant be used in accordance with the Schools Financial Regulations and that the Chief Finance Officer be authorised to make amendments as required when the final figures are confirmed.

5.         That the proposed Fees and Charges for 2018/2019 be approved.

6.         That, in accordance with the requirement of the Local Government Act 2003, the advice given by the Chief Finance Officer with respect to the robustness of the budget estimates and the adequacy of the Council’s reserves (as set out in the report) be considered and noted.

7.         That is be noted that Brixham Town Council has yet to set its budget for 2018/2019 and this precept, when known, will be included as part of the Torbay Council budget for Council Tax setting purposes.

8.         That the Capital Plan for 2018/2019 be approved.

9.         That the Treasury Management Strategy 2018/19 (incorporating the Annual Investment Strategy 2018/19 and the Minimum Revenue Provision Policy 2018/19) be approved.

10.       That the Corporate Asset Management Plan be approved.

11.       That the Corporate Capital Strategy be approved.

12.       That the allocation to Reserves be approved.

That the Corporate Asset Management Plan 2018/2019 Revision, set out at Appendix 1 to the submitted report, be published for consultation as part of the consultation on the proposed budget for 2018/2019.

(i)         that all Members and the Overview and Scrutiny Board consider the draft revenue and capital budgets and implications of the draft service change, income generations and savings proposals. The Overview and Scrutiny Board (through its Priorities and Resources Review Panel) will consider certain specific issues arising from these savings proposals and report back to the Mayor by 15 December 2017 on the outcomes of its deliberations and stakeholder representations;

(ii)        the draft proposals for service change income generation and efficiencies are based upon the expected reduction in government grant. The actual grant allocations are expected to be announced in December 2017;

(iii)       that detailed consultation be undertaken with service users who may be affected by specific proposals and that Equality Impact Assessments continue to be developed as required. (The results from this consultation will be considered by the Mayor with his final proposals being published on 26 January 2018.);

(iv)       that the Chief Finance Officer be given authority to amend these budget proposals for any technical adjustments necessary between services and within the overall envelope of funding in agreement with the Mayor; and

(v)        that the Chief Finance Officer report to the adjourned meeting of the Council on 8 February 2018 on the implications for 2018/2019 as a result of these proposals currently being considered and in light of the final settlement which is expected in late January or early February.