Meeting documents
Cabinet
Tuesday, 15th February, 2011
SUMMARY
This report by the Interim Section 151 Officer set out a framework for consideration by Cabinet of the Council’s budget position for the three year period 2011/12 to 2013/14, and sought Members’ agreement to a list of further saving proposals for 2011/12 alongside a framework to reduce spending in future years. The report was written in the light of the final Local Government Finance Settlement received on 9 February 2011.
The report finalised the process undertaken since last summer of producing a balanced budget for 2011/12; linking together previous reports identifying reductions in spending, increased income from fees and charges, and changes to the Council’s Capital Programme. At the same time, the process had set out measures to manage service pressures arising from 2010/11, provide resources for transformation of our future service delivery, and recognise the need for an increased level of general reserves.
In addition to previous Budget reports, this paper set out the framework for a full Medium Term Financial Plan (MTFP), including a revision of savings targets in future years, a framework of proposals for further spending reductions in 2012/13 and 2013/14, alongside known spending pressures and proposed changes to the role, structure and operating model of Shropshire Council, and of the local public sector generally.
This report identified savings that would need to be implemented by 1 April 2011 to deliver a balanced budget in the next financial year, together with broader proposals to meet future savings targets. However, given the uncertainty that remained around the detail of reduced local government finance, and in particular the Government’s clear statement that the 4 year CSR should be viewed as a 2 year settlement with an indicative further 2 years, where further funding changes were possible in 2013, it was prudent to be cautious about savings targets in the latter years of the MTFP. However, the Council did need now to make clear commitments and spending decisions which would provide additional funds for general reserves and ensure greater financial resilience for the authority in future years.
James Walton - Cabinet
Recommendations:
It was recommended that Cabinet:-
A. Notes the additional information about the Council’s future funding set out in our Final Funding Settlement;
B. Notes the revised resources and budget totals, which need to be included in our revised savings targets for 2011/12 to 2014/15 (see Appendices 1 and 2);
C. Agrees and recommends to Council the proposed framework for future spending reductions in 2012/13 and 2013/14, as shown in Appendix 4;
D. Agrees and recommends to Council the proposed further spending cuts, as listed in Appendix 7, in order to produce a balanced Budget for 2011/12, subject to scrutiny and consultation, where appropriate.
Decisions reached:
As per the recommendations above.
Attached items/documents:
- 9 Medium Term Financial Plan report.pdf
- Estimated download time: 29 secs @ 56k | 100kb
- MTFP Appendix 1.pdf
- Estimated download time: 3 secs @ 56k | 10kb
- MTFP Appendix 2.pdf
- Estimated download time: 2 secs @ 56k | 7kb
- MTFP Appendix 3.pdf
- Estimated download time: 4 secs @ 56k | 14kb
- MTFP Appendix 4.pdf
- Estimated download time: 7 secs @ 56k | 23kb
- MTFP Appendix 5.pdf
- Estimated download time: 2 secs @ 56k | 8kb
- MTFP Appendix 6.pdf
- Estimated download time: 5 secs @ 56k | 16kb
- MTFP Appendix 7.pdf
- Estimated download time: 3 secs @ 56k | 12kb
- MTFP Appendix 8.pdf
- Estimated download time: 5 secs @ 56k | 16kb
- MTFP Appendix 8i.pdf
- Estimated download time: 7 secs @ 56k | 25kb
- MTFP Appendix 9.xls
- Estimated download time: 15 secs @ 56k | 52kb
- MTFP Appendix 10.pdf
- Estimated download time: 2 secs @ 56k | 8kb