To receive an update on the Local Government Annual Financial Settlement 2008/09.  (Report to follow). 

Cabinet received the report on the Provisional Financial Settlement 2008/09, 2009/10 and 2010/2011.  The formula grant for Herefordshire over the next three years is 2008/09 £53.373m percentage increase of 5.1%, 2009/10 £55.445m percentage increase of 4.0% and 2010/11 £57.652m percentage increase of 4%.  Cabinet was advised that the increase was better than expected as the prediction had been for a much tighter settlement.  Cabinet was informed that the detail of the Area Based Grants was still awaited. 

Cabinet was reminded that whilst the settlement was better than anticipated the lobbying by the Local Government Association on adult care had reaped some dividends.  A Member in attendance requested that the details on the financial settlement be distributed to all Members of the Council.

RESOLVED That the report be noted.