Issue - items at meetings - Medium Term Financial Plan 2012/13 - 2014/15 - Presentation on Bids and Savings

Issue - meetings

Medium Term Financial Plan 2012/13 - 2014/15 - Presentation on Bids and Savings

 

 

Meeting: 02/11/2011 - Cabinet (Item 67)

67 Medium Term Financial Plan 2012/13 - 2014/15 pdf icon PDF 13 KB

Minutes:

The Executive Director of Finance and Corporate Resources gave a presentation on the latest situation regarding the Authority’s financial position 2012/13 – 2014/15.

 

Reference was made to:

 

(a)       the national situation including possible legislative changes which would impact on all Authorities, such as Business Rates arrangements and the introduction of a system of Universal Credit;

 

(b)       the local picture including the impact of the reduction in grant funding and the savings achieved from Shared Services programme;

 

(c)        the assumptions made in producing the Medium Term Financial Plan such as the rate of inflation and increases in utility costs; and

 

(d)       the actions being undertaken by officers to make further savings and efficiencies in order to address any budget gap for 2012/13. 

 

RESOLVED  that the current position be noted and that a further report be considered at the next meeting of the Cabinet.