Issue details

Cabinet considered the draft budget proposals for 2010-11 through to 2014-15. For the first time, in response to the challenging financial environment, the Council’s Medium Term Financial Plan (MTFP) is based on a 5 year plan. The new Medium Term Financial Plan proposes council tax increases of 2.5% each year; in line with the previous Medium Term Financial Plan.

CABINET RESOLVED TO:

          Agree the following as the basis for consultation: 

a)                        That the Medium Term Financial Plan (MTFP) is set in the context of the community strategy (MTFP section 1).

b)            The Budget monitoring report for October as the first draft of a probable outturn position for 2009/10.

c)                         The draft revenue budget for 2010/11 and indicative figures for 2011/12 to 2014/15 (including capacity and savings proposals).

d)                        The draft capital programme for 2010/11 to 2014/15, associated capital strategy, treasury strategy and asset management plan.

e)                        The draft Medium Term Financial Plan for 2010/11 to 2014/15.

f)                           The proposed council tax increase of 2.5% for 2010/11 and indicative increases of 2.5% for 2011/12 to 2014/15.

g)                        To spend at the level of the Dedicated Schools Grant for 2010/11 to 2014/15.

h)                         The proposals for reserves and balances.

i)               The draft Annual Accountability Agreement with the Primary Care Trust for 2010/11.

j)                           The challenging financial position in future years, and the need to start planning early for meeting the financial deficits indicated in the later years of the MTFP.

k)             The financial arrangements for neighbourhood councils