Issue - meetings

Consideration was given to the report on the Medium Term Financial Plan 2012/13 to 2014/15 relating to revenue and capital expenditure. The Executive Director for Finance and Corporate Resources and the Leader referred to the background to the Medium Term Financial Plan and the detailed work undertaken by officers and members during the budget process.

It was reported that the work undertaken had allowed services to be maintained whilst savings were maximised. In addition attention was drawn to the work undertaken by the budget jury and the requirement under the Localism Act for the Authority to adopt a Pay Policy Statement.

Following discussion it was

RECOMMENDED:

(a)       that the revenue bids identified as high in Appendix A of the report be included within the Medium Term Financial Plan as follows:

                        2012/13          £78,000

                        2013/14          £43,000

                        2014/15          £43,000

(b)       that the savings and additional income identified in Appendix B of the report be included within the Medium Term Financial Plan as follows:

                        2012/13          £814,000

                        2013/14          £1,549,000

                        2014/15          £2,282,000

(c)        that the capital bids identified as high in Appendix C of the report be included within the Medium Term Financial Plan as follows:

                        2012/13          £631,000

                        2013/14          £3,526,000

                        2014/15          £5,253,000

(d)       that the use of balances totalling £113,000 for 2012/13 be approved;

(e)       that the Pay Policy as set out in Appendix E be approved.