Issue - meetings

2014/15 Budget

 

 

Meeting: 15/07/2013 - The Executive (Item 5)

5 2014/15 Budget pdf icon PDF 654 KB

To submit the report by the Head of Function (Resources).

Decision:

RESOLVED

 

·         To approve the 2014-15 guiding principles for the budget as detailed in Paragraph 4 of the report;

 

·         To approve the savings targets for the Authority as detailed in Paragraph 5.1 of the report, namely scenario 2(b) (6.3%) as referred to in Appendix 3 of the report;

 

·         To approve the savings directorates identify towards their respective target is over and above any previously identified efficiencies; (Paragraph 5.4 of the report refers);

 

·         To approve the strategy to identify the savings requirements as detailed in Paragraph 5.7 of the report;

 

·         To note the risks and potential changes to the Medium Term Revenue Budget Strategy and 2014-15 budget as detailed in Paragraph 6 of the report;

 

·         To note that the Medium Term Revenue Budget Strategy will change as new information becomes available and views are sought (Paragraph 3.13 of the report refers);

 

·         To note the variables within the budget build at this stage (Paragraph 4.3-4 refers).

Minutes:

Submitted - The report of the Head of Function (Resources) and Section 151 Officer on an updated Medium Term Revenue Budget Strategy for 2014-15 to 2016-17. The report also sought approval to the principles which will underpin the 2014-15 budget and to the Savings Target for the Directorates and the strategies to achieve the savings.

 

RESOLVED

 

  • To approve the 2014-15 guiding principles for the budget as detailed in Paragraph 4 of the report;

 

  • To approve the savings targets for the Authority as detailed in Paragraph 5.1 of the report, namely scenario 2(b) (6.3%) as referred to in Appendix 3 of the report;

 

  • To approve the savings directorates identify towards their respective target is over and above any previously identified efficiencies; (Paragraph 5.4 of the report refers);

 

  • To approve the strategy to identify the savings requirements as detailed in Paragraph 5.7 of the report;

 

  • To note the risks and potential changes to the Medium Term Revenue Budget Strategy and 2014-15 budget as detailed in Paragraph 6 of the report;

 

  • To note that the Medium Term Revenue Budget Strategy will change as new information becomes available and views are sought (Paragraph 3.13 of the report refers);

 

  • To note the variables within the budget build at this stage (Paragraph 4.3-4 refers).