Decision details

Medium Term Financial Plan - Financial Landscape and Forecasts 2013/14 to 2016/17

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


The Executive Meeting considered an outline of the prospects for the Council’s finances for the medium term, taking the 2012/13 revenue budget as the starting point and including forecasts for 2013/13 to 2016/17 and agreed that


·         the financial position for 2012/13 as detailed in the Corporate Performance and Resources Report - 2012/13 First Quarter be noted;

·         the outlook for local government finance, and in particular the overview of the set up and operation of the new business rates retention scheme as detailed in the report be noted;

·         the financial forecasts for 2013/14 to 2016/17, and the key issues to be addressed in formulating a response to the financial challenges facing the Council as detailed in the report be noted;

·         the 2013/14 starting point set out in Appendix One of the report and the adjustments and the resultant indicative spending plans as set out in Appendix 3 be approved;

·         the indicative cumulative savings requirements for 2013/14 of £11.827m and £24.217m for 2014/15 along with the sensitivity analysis included at Appendix 4 of the report be noted.

Alternative options considered:


Interests and Nature of Interests Declared:


Wards Affected: (All Wards);

Decision Reference: ED1430

Contact: Steve Houston, Corporate Director for Corporate and Support Services Email: Tel: 0161-474-4000, Andy Moran, Corporate and Support Services Email: Tel: 0161 474 4086.

Report author: Steve Houston

Publication date: 22/08/2012

Date of decision: 20/08/2012

Decided at meeting: 20/08/2012 - Executive

Effective from: 30/08/2012

Accompanying Documents: