Transcript Document

express briefing @ 8
The Council Finances 2014-15
to 2016-17
Cllr Steve Eling
Deputy Leader and Cabinet Member for Strategic
Resources
Stuart Kellas
Director of Strategic Resources
Melanie Dudley
Director of Improvement and Efficiency
Council agreed budget 4 March 2014
• Council tax remains frozen for fourth year
running
• Councils now able to retain proportion of
business rates
• Council spends £930m gross on services,
met from £646m fees, specific grants and
charges, £155m revenue support grant and
business rates top up, £50m retained
business rates, £79m council tax
Budget 2014/15 – 2016/17
• Business plans developed covering three
years
• Targeted savings for most services of 9%,
16% and 11% in years 2014/15, 2015/16, and
2016/17 respectively
• Reduced levels of savings agreed for
Children’s and Adult Services
• Corporate projects developed to deliver
additional savings and achieve balanced
budget over the 3 year period
How we’re saving money…
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Management reform
Corporate landlord
Sharing facilities
Channel shift
Agile working
But also, investing for the
future…
Investment is a key part of the budget
strategy:
• Investing in employees
• Investing in service delivery
• Investing in Sandwell
Issues to be addressed over
the next 3 years
• Welfare Reform changes (Universal Credit)
• Superannuation deficit
• Reintegration of services and staff previously
seconded to Transform Sandwell
• Social care funding review
• Linkages with the Third Sector
• Updated public expenditure details
• Generating income
Next Steps
• The full report is available on CMIS and
on Sandwell Trends express briefings
page,
www.sandwelltrends.info/themedpages/
ExpressBriefings