Decision details

To approve the Council’s Medium Term Financial Plan 2015 – 2020 for publication, including the Directorate and Service Revenue and Capital Budgets that will support the delivery of the Council’s Corporate Strategy. The Medium Term Financial Plan integrates the Service Strategies and Financials into one document

1.         That the 2015/16 service strategies that will deliver the Corporate Strategy 2015-20, as set out in Annex 1 to the submitted report, be approved.

2.         That the detailed service revenue and capital budgets for the years 2015/16 and indicative budgets for 2016-20, including amendments resulting from the final Local Government Financial Settlement and other Government funding changes announced since 10 February 2015, as set out in Annex 1 to the submitted report, be approved.

3.         That the match funding of the Brooklands Motor Museum contribution totalling £225,000 over five years, as set out in paragraph 18 of the submitted report, be approved.

4.         That the initiative to increase volunteering from the New Models of Delivery Budget, costing £75,000 in 2015/16 and also in 2016/17, as set out in paragraph 19 of the submitted report, be approved.

5.         That the publication of the service revenue and capital budgets as the Medium Term Financial Plan 2015-20 be approved.

6.         That the fees & charges approved under delegated powers be endorsed and other fee and charge proposals, as set out in Annex 2 of the submitted report, be approved.

7.         That the Equality Impact Assessment of the savings proposals within the directorate and service budgets, as set out in Annex 3 to the submitted report be noted.

Reasons for Decisions:

The 2015–20 MTFP is a five year budget that is aligned to the Corporate Strategy. It reflects assumptions about the current local and national financial, economic and political environment. The setting of a five year budget is a key element of the Council’s multi-year approach to financial management. Regular reporting through the year will enable progress to be effectively tracked and managed.

The Corporate Strategy 2015-20 sets out the Council’s key strategic goals of wellbeing, economic prosperity and residents’ experience. The service strategies provide the detail on the goals and actions to achieve these strategic goals.

[The decisions on this item can be called in by the Council Overview and Scrutiny Committee]