Medium Term Financial Plan
Minutes:
The Executive Director (Section 151 Officer) gave a presentation on the latest situation regarding the Authority’s financial position 2011/12 to 2013/14.
The presentation included the impact as far as it was known to date of the Comprehensive Spending Review on the Authority’s finances, together with the impact of local issues such as shortfall of income on car parking and planning fees.
It was noted that the budget gap at the present time for 2011/12 was £600,000 but it was stressed that measures were being taken to reduce this gap and that officers would continue to work with Members with the aim of achieving a balanced budget.
RESOLVED that the current financial position be noted.