Budget Projections 2012-15
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
A report by the Deputy Chief Executive/Director of Finance presented the projected budgets for 2012-15 following the agreement of the budget for 2011-12 at the Council meeting on 1 March 2011.
The report set out the background, assumptions that underpinned the projections, detail on grant negotiations, other legislative issues, balances, agreed savings and relevant risks. The Council’s Budget Projections from 2012 to 2015 were set out in an appendix to the report.
The Deputy Chief Executive/Director of Finance reported that the projections represented his assumptions of the most likely outcome from a wide range of available options.
On a Motion proposed by Councillor S Foulkes, seconded by Councillor P Davies and carried unanimously, it was
(1) the budget projections be regularly reviewed;
(2) the Cabinet notes, with dismay, that the projected budget gap is likely to rise by 2014/15 to nearly £47m as a result of likely changes in the Local Government Resource Review and the implications of new legislation;
(3) the Cabinet recognises that these are projections based on what is known or anticipated at the moment on a pro rata basis between authorities, and could perhaps be even worse than anticipated when the direct impact on Wirral is calculated; and
(4) the Cabinet expresses its grave concern that potential cuts at this level will be extremely damaging to Wirral’s services and to the people of Wirral at a time when the country’s economy is facing a slide into depression and poorer areas will once more be those which are hit the hardest.
Publication date: 07/11/2011
Date of decision: 03/11/2011
Decided at meeting: 03/11/2011 - Cabinet
Effective from: 15/11/2011