67 Medium Term Financial Plan 2012/13 - 2014/15 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.