Issue - meetings

Background:

This report provided Cabinet with details of the provisional Local Government settlement announced by Government on 18 December 2013.

It was noted that the provisional settlement was an important step in the process of setting the 2014/2015 budget. It covered the 2-year period of the Spending Review 2013 and encompassed announcements made in the Chancellor’s Autumn Statement announced on 5 December 2013.

Members were advised that the overall settlement figure, as announced as the ‘Settlement Funding Assessment’, was £10.112 million less than the equivalent figure for 2013/2014. The report set out details as to how these figures were constructed.

Reasons:

These provisional levels of grant form a fundamental component of the 2014/15 budget, and their announcement is a further stage in the process of preparing a balanced budget.

The submission of this report is subject to when the Government announces the Local Government Finance Settlement 2014-15.

This item was withdrawn, as the Government had not announced the Local Government Finance Settlement 2014/2015.