Transcript Slide 1

Voluntary & Community Sector
Budget Briefing
20th October 2011
1
Change in Spending Power per Head of Population 2010/11 to 2012/13
2
The MTFP Budget Gap
2012/13
£m
50.0
2013/14
£m
18.5
2014/15
£m
33.3
Total
£m
101.8
3
How we got to the £50m Budget Gap in 2012-13
2011/12
£m
501.821
Budget Requirement
Projected Changes
Pay Related Pressures
Capital Financing
Budget Growth
Pressures (Demand /Demography)
Pressures (Inflationary)
Developments
Use of Reserves
Restructuring costs
Transition Grant 2011-12 only
2011/12 savings Full Year Effect
Identified Corporate Reductions
Treasury Management
501.821
-162.727
-340.027
0.933
-501.821
0
Funding Sources
Council Tax
Formula Grant
Other Collection fund items
Projected Budget deficit
2012/13
£m
501.821
Change
£m
6.400
5.652
15.489
8.522
4.272
15.781
-24.700
16.989
-14.800
-6.684
-1.500
-22.984
527.242
25.421
-163.486
-313.756
-477.242
24.579
50.000
50.000
4
Our Budget Strategy
Priority led -
The budget will be informed by valuing what is most important
for residents.
Multi Year -
The budget will be agreed in early March 2012, but will cover
a three year period.
Capital /
Revenue -
The budget will be better linked, for there are significant
revenue costs arising from capital schemes.
Transparent - This year’s budget process will improve the transparency of
decision making, making it clear how decisions will be
sequenced.
Consultative - The budget process will seek as wide a canvass of views as
possible.
5
Proposed savings options 2012-15
as at October 13, 2011
2012/13
2013/14
2014/15
Total
£m
£m
£m
£m
Not affecting residents
-44.242
-8.682
-2.468
-55.392
Affecting residents
-28.655
-11.330
-19.870
-59.855
-4.000
-4.000
-4.000
-12.000
-76.896
-24.012
-26.338
-127.246
Affecting residents Council
Tax
Totals
6
Proposed savings options 2012-15 – more details
2012/13
2013/14
2014/15
Not affecting residents
-57.5%
-36.2%
-9.4%
Affecting residents
-37.3%
-47.2%
-75.4%
-5.2%
-16.7%
-15.2%
£000's
£'000's
£'000's
Affecting residents Council Tax
Not affecting residents
1
Organisation - arrange people better
5,566
-672
937
2
Lean - better slicker processes
4,287
354
1,151
3
Procurement - buy at a lower price
12,550
4,000
300
4
Shared Services - spread costs with others
600
4,500
80
5
Capital - reduce revenue costs
0
0
0
6
Terms & Conditions of employees
0
0
0
7
Sweat the assets; improve income
1,739
500
0
8
Change assumptions
19,500
0
0
9,309
4,000
17,600
19,346
7,330
2,270
4,000
4,000
4,000
76,896
24,012
26,338
Affecting residents
9
10
Change Standards, usually reduce
Stop doing things
Affecting residents Council Tax
Totals
7
Deciding our Priorities
Priority One
£315.9m
Priority Two
£33.3m
Chief Executive
Priority Three
£88.1m
Audit Risk & Management
Policy & Performance
Equal Opportunities
Children & Young Children's Social Care
People Services
Schools Service
Inclusion & Commissioning
Integrated Family Support
Corporate Parenting
Finance &
Resources
Housing &
Neighbourhoods
Operations
Financial Services
Resource Management
Legal & Committee Services
ED/AD Finance and Resources
Community Engagement
Services to Young People
Housing
Neighbourhoods
Environmental Licensing
Green Spaces
Parking & Transport
Leisure Services
Premises Management
Registrars
Regeneration &
Employment
Culture & Tourism
Employment Skills Support
Planning & Transport
Strategic Investment Programmes
Adult Services &
Health
Corporate-Other
Services
Adult Services statutory
Adult Services non-statutory
Adult In House Services
Assessment & Safeguarding
Burton Manor
Children's Wforce Human
Resources
8
Savings Against our Priorities
Protecting Priority 1
2012-13 Savings affecting residents
£28.655m
2012-13 Controllable Budget
£437.307m
56%
72%
20%
8%
27%
17%
Priority 1 £315.9m
Priority 1 £16.157m
Priority 2 £33.3m
Priority 2 £4.846m
Priority 3 £88.1m
Priority 3 £7.652m
9
Decision making
Detailed sums
Vision
2011
2011-12 Timeline for budget 2012-15; 4 Cabinet meetings
Bank
Hols
Sept 29
29- 2
5- 9
12-16
19-23
26-30
Oct
3- 7
10-14
17-21
24-28
Nov
31- 4
7-11
14-18
21-25
Dec
28- 2
5- 9
12-16
19-23
26/7 26-30
2012 Jan 2
2- 6
9-13
16-20
23-27
Feb
30- 3
6-10
13-17
20-24
March
27- 2
5- 9
Budget Consultation
Event descriptor
Decide priorities, timescale etc
1st pass of figures
Budget Briefing: Schools Parliament 12th
Stakeholder meetings: Schools Parliament 19th, Voluntary
Organisations 20th, Chamber of Commerce 21st
Govt RSG announcement
'Final' figures, subject to fine tuning
<------ Budget Sumulator Operated --------->
Annex 5
Cabinet F&R
Meeting Select
Cttee
9
Webcast
Budget Public
Council
All Membrs Review Questns Meeting
Group
16
23
Mtg 21
21
7
21
21
21
27
4
2
18
2
2
16
8
21
Stakeholder meetings Jan 6th
Reports: Tax Base; Balances risk
Reports: Collection Fund; MTFS; S25 Statement
Reports: PrudentiaI Indicators; Treasury Management
Special Cabinet - budget only - Final figures
6
20
18
3
17
24
2
15
17?
8
Reports: 1 Budget Revenue, 2 Council Tax Resolution 3 Budget Capital
7
Reports:
Cabinet
Balances - the Risk calculation of what level they should be
Tax Base between
Collection Fund as @
Medium Term Financial Strategy (MTFS)
S 25 Statement - robustness of the estimates & the adequacy of the proposed reserves
Prudential Indicators - the financial boundaries of the budget
Treasury Management - statement on the cashflow and borrowing required
Final Budget reports/Council Tax setting
Jan 20
Jan 20
Feb 3
Feb 3
Feb 3
Feb 13
Feb 13
Dec 1 & Jan 31
Jan 15
Feb 24
Council
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
Mar-07
= budget discussed at this meeting. Some supporting reports are discussed at other meetings
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10
Questions ?
11