104 Mid Term Budget Statement. PDF 175 KB
Minutes:
The Section 151 Officer presented a report which set out the latest position with regard to the 2014/15 Revenue and Capital Budgets together with an initial assessment of the 2015/16 Revenue and Capital Funding positions and updated the Medium Term Financial Plan(MTFP)
CABINET DECISION
That Cabinet:
1) Noted the position as shown in Section 2 of the report in respect of the 2014/15 Revenue Budget and actions being taken to achieve a balanced outcome for the year.
2) Noted the forecast Revenue position for 2015/16 and the MTFP period as shown in Section 7 of the report and agreed the amounts shown as forming the agreed planning position at this point in time.
3) Noted the indicative funding position re Delegated Schools’ budgets shown in Section 8 of the report and detailed proposals for funding schools would be presented at a subsequent meeting of Cabinet following discussions with the Schools budget forum.
Policy Framework
Sustainable Swansea – Fit for the Future
Reason for Decision
To agree control totals in respect of the likely overall budget and savings requirements for 2015/16 and the Medium Term Financial Plan.
Consultation
Legal, Access to Services and Executive Board