Agenda item

Medium Term Financial Strategy

Report of the Executive Director, Resources.

Decision:

11.1

The Cabinet received a report of the Executive Director, Resources which provided Members with details of the forecast financial position of the Council for the next 5 years and a recommended approach to budgeting and business planning that would be necessary to achieve a balanced budget position in the medium term.

 

 

11.2

RESOLVED: That Cabinet:-

 

 

 

(a)

notes the medium term financial forecast; and

 

 

 

 

(b)

approves the approach to balancing the budget and business planning in 2013/14 and beyond as set out in the report.

 

 

11.3

Reasons for Decision

 

 

 

To provide a strategic framework for the development of budget proposals and the business planning process for 2013/14 and beyond.

 

 

11.4

Alternatives Considered and Rejected

 

 

 

No alternatives were put forward or considered to be appropriate in the circumstances.

 

 

11.5

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

11.6

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None.

 

 

11.7

Respective Director Responsible for Implementation

 

 

 

Executive Director, Resources

 

 

11.8

Relevant Scrutiny and Policy Development Committee If Decision

Called In

 

 

 

Overview and Scrutiny Management Committee

 

Minutes:

11.1

The Cabinet received a report of the Executive Director, Resources which provided Members with details of the forecast financial position of the Council for the next 5 years and a recommended approach to budgeting and business planning that would be necessary to achieve a balanced budget position in the medium term.

 

 

11.2

RESOLVED: That Cabinet:-

 

 

 

(a)

notes the medium term financial forecast; and

 

 

 

 

(b)

approves the approach to balancing the budget and business planning in 2013/14 and beyond as set out in the report.

 

 

11.3

Reasons for Decision

 

 

 

To provide a strategic framework for the development of budget proposals and the business planning process for 2013/14 and beyond.

 

 

11.4

Alternatives Considered and Rejected

 

 

 

No alternatives were put forward or considered to be appropriate in the circumstances.

 

 

11.5

Any Interest Declared or Dispensation Granted

 

 

 

None

 

 

11.6

Reason for Exemption if Public/Press Excluded During Consideration

 

 

 

None.

 

 

11.7

Respective Director Responsible for Implementation

 

 

 

Executive Director, Resources

 

 

11.8

Relevant Scrutiny and Policy Development Committee If Decision

Called In

 

 

 

Overview and Scrutiny Management Committee

 

Supporting documents: