Medium Term Financial Plan 2013/14 - 2015/16
To consider an update on the budget position for 2013/14 – 2015/16.
(Oral report)
Minutes:
Officers reported that the final settlement for the 2012/14 financial year from central Government was expected to be communicated to the Council the following day, 19th December, and that a 5% reduction in grant was anticipated.
The Council was continuing to make efforts to close the funding gap in the current financial year. Savings were being achieved through Transformation, the redesign of certain services and through driving out any residual ‘waste’ in service provision more generally.