To consider the Draft Medium Term Financial Plan for the authority covering the period 2014/15 to 2018/19 and agree an approach to delivering a medium term sustainable financial position over that period, bearing in mind the risks and unknowns. In addition, to review the budget assumptions for 2015/16 and consider growth requirements, savings plans and assumptions around the councils resource base.

DECISION

1.    To note the changes to the draft budget position for 2015/16;

2.    To agree the package of savings proposals for 2015/16 detailed in Appendix 1 to the report, taking into account the equality analyses set out in Appendix 2;

3.    To agree that further business case refinement and consultation can be carried out on the proposals where necessary;

4.    To consider the responses to consultation on savings proposals set out in Section 10 and included, as appropriate, in equality analyses;

5.    To note the early indications of the financial position 2016/17 onwards, subject to the Autumn Statement and Local Government Finance Settlement;

6.    To note that the financial position is subject to volatility and that developments in Government policy and their implications on MTFP planning assumptions will be monitored closely and reported back at regular intervals.

Action by:

ACTING CORPORATE DIRECTOR, RESOURCES (C. HOLME)