Decision details

To inform members of the initial financial remit prior to agreeing budget options for consultation

RESOLVED:

1.  That the provisional funding settlement for 2014/15 as announced by Government in December 2012, including lost spending power of £20.6m as adjusted be noted.

2.  That it be noted that the forthcoming spending round announcement was due on 26 June 2013 and that this contains the potential for further reductions in funding to local government over the next two years.

3.  That the emerging pressures on council budgets for future years including general and contractual inflation, pay awards and general demand pressures across services be noted.

4.  That the commitment to the ten fairer future promises as set out in the council plan and medium term resources strategy (MTRS) and the seven budget principles to guide and underpin the work of officers in arriving at a balanced budget proposal for 2014/15 be reaffirmed.

5.  That officers continue to work on budget options for a balanced budget in 2014/15 for presentation to the cabinet in the autumn of 2013, following a programme of public consultation over the summer.