Issue - meetings

The Cabinet considered a report on the Medium Term Financial Plan 2010/2011 to 2012/2013 relating to revenue and capital expenditure.

The Portfolio Holder for Resources referred to the current position relating to the Medium Term Financial Plan and to the proposal to produce an Older Persons Directory of Services at a one off cost of £8,000 as included in Appendix A. It was proposed and agreed that this should be designated as a high pressure rather than a medium pressure and should be funded from balances. Reference was also made to additional capital expenditure required as a result of the agreement in principle of the WETT programme proposals as referred to in Minute No. 136/09 above.

RECOMMENDED:

(a)       that the budget pressures identified as high in Appendix A of the report (now including the Older Persons Directory) be included within the Medium Term Financial Plan as follows:

                                    2010/11          £100,000

                                    2011/12          £69,000

                                    2012/13          £69,000

(b)       that the budget pressures identified as unavoidable in Appendix B of the report be included within the Medium Term Financial Plan as follows:

                                    2010/11          £725,000

                                    2011/12          £699,000

                                    2012/13          £677,000

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

                                    2010/11          £1,088,000

                                    2011/12          £1,348,000

                                    2012/13          £1,787,000

(d)       that the capital bids identified as high in Appendix D (i) of the report (now including the WETT programme proposals) be included within the Medium Term Financial Plan as follows:

                                    2010/11          £365,000

                                    2011/12          £140,000

                                    2012/13          £110,000

(e)       that the use of reserves totalling £593,000 as set out in Appendix E of the report be approved;

(f)         that the virements as set out in Appendix F of the report be approved; and

(g)       that the efficiency savings to be delivered during the period of the Medium Term Financial Plan as set out in Appendix D of the report be noted.