Decision details
Medium Term Financial Plan Update
Decision Maker: Cabinet - Expired
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The draft Medium Term Financial Plan set out
in the body of the report.
Consider the financial outlook and medium term projections set out
in this report and agree that, on this basis, no immediate action
is required to develop additional savings for 2014/2015.
Note that the financial position is subject to many unknowns and
that officers will monitor the financial position closely and
report back at regular intervals to MAB SARP during the financial
year on developments in Government policy and their implication on
the MTFP planning assumptions.
Decision:
To consider and comment on the draft Medium Term Financial Plan set out in paragraph 6 and Appendix 1 of the report, in the context of the Spending Review 2013.
To consider the financial outlook and medium term projections set out in this report and agree that, on this basis, no immediate action is required to develop additional savings for 2014/2015.
To note that the financial position is subject to many unknowns and that officers will monitor the financial position closely and report to the Corporate Management Team and the Mayors Advisory Board for Strategic and Resource Planning during the financial year on developments in Government policy and their implication on the medium term financial plan.
To agree that officers, after consultation with the Mayor and Lead Member for Resources continue to develop further spending reduction options for the 2015/2016 financial year and the medium term.
Action by:
ACTING CORPORATE DIRECTOR RESOURCES (C. HOLME)
(Interim Service Head for Finance and HR Development (P. Thorogood)
Report author: Paul Thorogood
Publication date: 11/10/2013
Date of decision: 09/10/2013
Decided at meeting: 09/10/2013 - Cabinet - Expired
Effective from: 19/10/2013
Accompanying Documents:
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