Decision details

Medium Term Financial Plan - Updated Forecast

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


The Executive Meeting considered updated information on the prospects for the Council’s finances for the medium term, taking as its starting point the previous forecasts for 2012-13 and 2014-15 (considered by the Executive at its meeting on 5 September 2011) and agreed that:-


(i)            the range of financial forecasts for 2012-13 to 2014-15 and the key issues to be addressed in formulating a response to the financial challenges facing the Council be noted;

(ii)          the revised estimates set out in the report be approved and the adjustments and resultant indicative spending plan as set out in Appendix 1 be agreed;

(iii)         the indicative savings requirement of £12.035m for 2012/13 be noted;

(iv)         Executive Councillors and Corporate Directors be requested to continue to develop and implement spending plans and savings proposals to meet the indicative savings requirements for 2012-13 and to report on progress, and

(v)          the necessary steps continue to be taken to agree a final balanced budget proposal for 2012-13 and an updated Medium Term Financial Plan to 2014-15 for presentation to the Council Meeting on 23 February 2012.


Alternative options considered:


Interests and Nature of Interests Declared:


Decision Reference: ED1356

Contact: Steve Houston, Corporate Director for Corporate and Support Services Email: Tel: 0161-474-4000.

Publication date: 19/12/2011

Date of decision: 16/12/2011

Decided at meeting: 16/12/2011 - Executive

Accompanying Documents: