DRAFT MTFP 2020-23 Overview and Scrutiny September 24th 2019 9 Focus on General Fund Revenue Account (Council Tax setting)
DRAFT Context • Lowest Funded Unitary Authority per Head of population • A one year Settlement was expected September 2019 (not helpful for long term planning) • £2.1m ongoing funding gap brought forward from 2019/20 • Revenue Monitoring pressures 2019/20 • C21C phase 2 not long completed (both phases means staffing reductions of £3m achieved in Corp Services, C&L and Mngmnt) 10 • Investing in Children’s Services ‘good’ • ASC national ‘crisis’ – delay in Green paper, end of ASC precept • Investing in our roads (c£500k per year) • Budget position is currently ‘work in progress’ and subject to considerable change including; challenging growth, seeking additional efficiencies and the impact of the Local Government Finance Settlement
MTFP Summary DRAFT Yr 1 - 20/21 Yr 2 - 21/22 Growth Savings Net Growth Savings Net Children´s Services £1,857 (£810) £1,047 £2,198 (£1,790) £408 Customer and Localities Services £921 (£80) £841 £1,140 (£80) £1,060 Chief Executive £0 £0 £0 £0 £0 £0 Corporate Services £80 (£2,080) (£2,000) £80 (£3,459) (£3,379) Adult Social Care £3,510 (£1,700) £1,810 £6,078 (£3,050) £3,028 11 Total £6,368 (£4,670) £1,698 £9,496 (£8,379) £1,117 2019/20 MTFP Budget Gap £2,124 £2,124 Net growth / savings (from above) £1,698 £1,117 Inflation (pay award + contractual inflation) £2,100 £4,200 Council tax increase (2.99%) (£3,000) (£6,070) Council tax base increase (1.85% Increase, 2.2% in 19/20) (£1,850) (£2,880) Retained business rates impact £2,550 £5,750 Revised Budget Challenge Sept £3,622 £4,241 2019 (subject to change) Year 3 figures yet to be populated
MTFP Summary Cont.. DRAFT Yr 1 Yr 2 Yr 3 20/21 21/22 22/23 Revised Budget Challenge Sept 2019 (from previous £3,622 £4,241 slide) subject to change Transfers (from) / to (£3,622) £0 balances 12 £0 £4,241 Note – General fund reserves are estimated to be c£10m after Yr 1 transfers from balances (based on no negative Revenue Support Grant payment).
Bid Template (Growth / Savings / Special Items) DRAFT Revenue Budget Setting 2020/21 to 2022/23 Directorate Bid Details #N/A Bid Type Bid Name Description of Bid Inc. (Reason for Bid i.e. Demand / Legislative / Discretionary) 13 Supporting Evidence / Trend Analysis / Business Case ref Impact if bid not successful Preparedness for implementation of savings Finance Information Yr 1 Yr 2 Yr 3 2020/21 2021/22 2022/23 Expenditure £0 £0 £0 Amount needed per year Income £0 £0 £0 Cumulative movement from £0 £0 £0 19/20 budget
DRAFT Timetable Budget Consideration CCOS Executive Council Strategic Overview 24 Sep 19 Major Revenue Savings Proposals 30 Oct 19 Minor Savings Proposals, Growth 25 Nov 19 14 Fees and Charges Uplifts 28 Nov 19 Capital, Residual Issues 06 Jan 20 Final ‘sign off’ 23 Jan 20 20 Feb 20
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