Issue - meetings
Medium Term Financial Plan 2011/2012 - 2013/2014
Meeting: 02/02/2011 - Cabinet (Item 138)
138 Medium Term Financial Plan 2011/2012 - 2013/2014 
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Minutes:
The Executive Director Finance and Corporate Resources gave a short presentation on the latest position regarding the Medium Term Financial Plan (MTFP) 2011/2012 - 2013/2014. It was noted that the detailed report on the MTFP together with any recommendations from the Budget Jury and the Overview and Scrutiny Board, would be considered by the Cabinet and the Council on 23rd February 2011.
During the discussion, it was reported that the sum of £5,545 which had been forwarded to the Council by Lickey End Parish Council prior to the dissolution of the Parish Council had been raised by a precept. Members therefore considered the possibility of ring fencing that sum on the basis it will be utilised for the benefit of Lickey End residents.
Members also requested officers to consider the possible need for additional expenditure of £30,000 in relation to Economic Development. The Chief Executive noted the request for officers to investigate this matter further and in this regard reminded Members of the recently approved Shared Services Business Case for this service.
RESOLVED:
(a) that officers be requested to continue to work on the MTFP on the basis that the current projected shortfall of £292,000 for 2011/2012 will be met from balances;
(b) that officers continue to consider alternative methods of service provision, including bringing forward the timetable for the Shared Service and Transformation Programme, with a view to maximising efficiencies in order to address the projected shortfall within the MTFP for 2012/2013 and 2013/2014;
(c) that the sum of £5,545 be ring fenced for use for the benefit of the residents of Lickey End ;
(d) that officers be requested to investigate the inclusion of an additional budget bid of £30,000 in respect of Economic Development.