Issue - meetings
Service & Resource Planning Report 2015/16 - September 2014
Meeting: 16/09/2014 - Cabinet (Item 81)
81 Service & Resource Planning Report 2015/16 - September 2014 
PDF 163 KB
Cabinet Member: Finance
Forward Plan Ref: 2014/053
Contact: Stephanie Skivington, Corporate Finance Manager Tel: (01865) 323995
Report by Chief Finance Officer (CA6).
This report is the first in a series on the Service & Resource Planning process for 2015/16, providing councillors with information on budget issues for the next financial year and the medium term. The report presents the assumptions on which the existing Medium Term Financial Plan (MTFP) is based, the financial strategy that informs the budget setting process, known and potential financial issues for 2015/16 and beyond which impact on the existing MTFP, and proposes a process for Service & Resource Planning for 2015/16 including a timetable of events.
The Cabinet is RECOMMENDED to:
(a) note the report;
(b) approve the Service and Resource Planning process for 2015/16; and
(c) approve the updated Financial Strategy set out at Annex 3a.
Additional documents:
- CA_SEP1614R04 - SRP - Annex 1(a), item 81
PDF 154 KB
- CA_SEP1614R05 - SRP Annex 1(b), item 81
PDF 122 KB
- CA_SEP1614R06 - SRP Annex 2, item 81
PDF 15 KB
- CA_SEP1614R07 - SRP - Annex 3(a), item 81
PDF 112 KB
- CA_SEP1614R08 - SRP - Annex 3(b), item 81
PDF 79 KB
- CA_SEP1614R09 - SRP - Annex 3(c), item 81
PDF 190 KB
- CA_SEP1614R10 - SRP - Annex 4, item 81
PDF 123 KB
Decision:
Recommendations agreed.
Minutes:
Cabinet had before them a report that was the first in a series on the Service & Resource Planning process for 2015/16, providing councillors with information on budget issues for the next financial year and the medium term. The report presented the assumptions on which the existing Medium Term Financial Plan (MTFP) is based, the financial strategy that informs the budget setting process, known and potential financial issues for 2015/16 and beyond which impact on the existing MTFP, and proposed a process for Service & Resource Planning for 2015/16 including a timetable of events.
Councillor Stratford, Cabinet Member for Finance, introduced the contents of the report and highlighted that information from central Government was again likely to be late with the final position not known until early February.
The Leader of the Council congratulated the Museums Service for its successful appeal to raise funding to purchase and keep in Oxfordshire the rare bronze Iron Age mirror found near Didcot.
RESOLVED: to:
(a) note the report;
(b) approve the Service and Resource Planning process for 2015/16; and
(c) approve the updated Financial Strategy set out at Annex 3a.