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The Committee resolved to:
 
1a. note the proposed Outline Budget
parameters for 2025-28 to 2028-29 and the issues and challenges
raised in the report,
 
1b. note the current projected Budget
shortfalls over the outlined periods set out in the report,
 
1c. subject to a recommendation of the
Commercial Assets Sub-Committee, agree in principle to the use of
£1m per annum in 2026/27 up to £5m per annum in 2030/31
revenue income from investment assets to accelerate the building up
of the investment sinking fund reserves, resulting in less income
to support annual service provision,
 
2a. agree the Outline Corporate Transformation
Programme covering the year 2025-26 to 2028-29 to ensure he ongoing
financial viability of the Council; and
 
2b. agree to set up a Members Transformation
Board, with draft Terms of Reference to be brought back to the next
meeting of the Committee.