Issue - meetings

Medium Term Financial Plan

Meeting: 27/09/2016 - Cabinet (Item 4)

4 Medium Term Financial Plan 2016-2020 pdf icon PDF 184 KB




This report set out the major financial issues facing the Council over the next four years. It also provided a framework for the more detailed preparation of the draft Revenue Budget for 2016/2017.


The report included details of the Council’s financial position, together with an overview of the Government’s spending plans and the need for the Medium Term Financial Plan. An assessment of likely available resources and details of a number of key spending issues across the Council’s directorates were set out in the report and accompanying appendices. It was also noted that Diversity Impact Assessments would be undertaken and reported to Members as part of the budget and service planning process as the quantum of resources and the impact on Council services unfolded.


It was reported that there was a forecast deficit of £11.7 million in 2017/2018.


Decision number:



The Cabinet agreed the underlying aims of the Medium Term Financial Plan.

The Cabinet noted the forecast level of overall funding outlined in section 4 of the report; spending priorities in section 5 of the report and the projected budget deficit identified in Table 2 in the report.


The Cabinet agreed that proposals be brought forward, through the financial planning process, to address the deficit.


The Cabinet agreed to delegate authority to the Chief Finance Officer, in consultation with the Leader, whether to accept the Government’s offer of a minimum four year funding settlement, in return for the submission of an efficiency plan based upon the Council’s Medium Term Financial Plan.




This is a preparatory document to meet the budget process and timetable set out within the Constitution.