(i)         that the Elected Mayor agrees and accepts the objection in relation to the Revenue Budget and the reasons for it set out below;

(ii)        that, subject to the inclusion of an additional £150,000 for additional wrap around support for Foster Carers to increase the support offered to Foster Carers looking after adolescents with complex needs, to prevent placement breakdowns which will be sustainable through less use of Independent Fostering Agency (IFA) or residential placements when placements break down, and an improved strategy for the retention and recruitment of social workers to be funded from a one off allocation from the Comprehensive Spending Review (CSR) Reserve, the proposals identified for 2019/2020, as set out in the Elected Mayor’s Response to Consultation and the Draft Revenue Budget Digest, be approved;

(iii)       that the net revenue expenditure of £111.367m resulting in a Council Tax requirement of £68.688m for 2019/2020 (a 2.99% increase in Council Tax) be approved;

(iv)       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;

(v)        that the proposed Fees and Charges for 2019/2020 be approved;

(vi)       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; and

(vii)      that it be noted that Brixham Town Council has set its budget for 2019/2020,  the resulting precept will be included as part of the Torbay Council budget for Council Tax setting purposes.

That, subject to Section 2.1 of the proposed Capital Strategy being amended so that Business Cases prepared self-funding or invest-to-save capital schemes include all future maintenance costs over the life of the scheme, the Council be recommended to approve the Capital Strategy as set out at Appendix 1 to the submitted report.

That it be recommended to Council:

1.         that the proposals identified 2019/2020, 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 £111.367m resulting in a Council Tax requirement of £68.688m for 2019/2020 (a 2.99% increase in Council Tax) be approved;

3.         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;

4.         that the proposed Fees and Charges for 2019/2020 be approved;

5.         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;

6.         that it be noted that once Brixham Town Council has set its budget for 2019/2020 and the resulting precept this will be included as part of the Torbay Council budget for Council Tax setting purposes;

7.         that the Capital Plan for 2019/2020 be approved;

8.         that the Treasury Management Strategy 2019/20 (incorporating the Annual Investment Strategy 2019/20 and the Minimum Revenue Provision Policy 2019/20) be approved;

9.         that the Corporate Capital Strategy be approved; and

10.       that the allocation to Reserves be approved.

(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 Elected Mayor by 14 December 2018 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 2018;

(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 Elected Mayor with his final proposals being published on 1 February 2019.);

(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 Elected Mayor; and

(v)        that the Chief Finance Officer report to the adjourned meeting of the Council on 7 February 2019 on the implications for 2019/2020 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.