Decision details

Executive Board is requested to approve the Council’s Financial Strategy for 2014/15 to 2016/17.

The Deputy Chief Executive submitted a report presenting the principles and assumptions underlying the Council’s proposed financial strategy covering the years 2014/2015 to 2015/2016, which would provide the framework for the preparation of the 2014/2015 initial budget proposals scheduled to be presented to Executive Board in December 2013.

Members highlighted the need to ensure that the Council worked effectively with partner organisations in order to ensure that the Local Authority obtained its maximum share of all available funding streams.

Emphasis was placed upon the financial challenges which the Council continued to face, and it was highlighted that the proactive work to address such challenges was ongoing.

Having considered the issues around the West Yorkshire Transport Fund and the current position in respect of potentially establishing a Transport Fund levy, it was requested that a report in respect of such matters be submitted to a future meeting of the Board. 

RESOLVED –

(a)  That the Medium Term Financial Strategy 2014/2015 to

2015/2016 be approved, and that it be noted that this will form the basis for the detailed preparation of the Initial Budget Proposals for 2014/2015.

(b)  That a report relating to the West Yorkshire Transport Fund and the current position in respect of potentially establishing a Transport Fund levy be submitted to a future meeting of the Board. 

The Strategy sets the framework for future annual budgets which will be consulted on at the appropriate time.

None in respect of this report.