Meeting documents
Budget Panel
Tuesday 17 July 2007
Committee
Budget PanelDate of meeting
17/07/2007Service area
Forward plan ref
Wards affected
All WardsAuthor
Summary
The Council’s annual budget process is carried out in the
context of the medium term financial strategy which is itself
integral to the achievement of priorities within the
council’s Corporate Strategy 2006-2010. This report up-dates
financial forecasts for 2008/09 and beyond in the medium term
financial strategy and sets out the process for putting together a
robust budget for 2008/09 for consideration at Full Council on 3rd
March 2008.The report provides the background to the 2008/09 budget
process; sets out measures to reduce the projected budget gap; sets
out key external funding issues that the Council will be seeking to
address through active engagement with central government; sets out
issues affecting decisions on the level of council tax increase;
details the approach to rolling forward the 2007/08 to 2010/11
capital programme to 2011/12; identifies the main stakeholders and
the ways they will be involved in the process; sets out proposals
for addressing recommendations of the Budget Panel following their
review of the 2007/08 budget process; details the approach to risk
management as part of the budget process; and sets out the budget
timetable.The accompanying report will be considered by the
Executive at its meeting on 16th July 2007.Members of the Budget
Panel are asked to consider the report and its accompanying
appendices.Related reports
Budget strategy 2008-09 App D FINAL.xls;Budget
strategy 2008-09 App C FINAL.xls