Cornwall Council
budget proposals
Alex Folkes
Cabinet Member for Finance and Resources
The big picture
Last year we explained how the Council needed to deliver savings
of £196m for the period to 2018/19. This reflected both cost
pressures and reductions in funding.
Required 'base' taking
into account inflation,
demographic change
etc
£m
640
Inflation /
incremental /
demand led
pressures
£107m
600
560
Net Revenue
Expenditure
2013/14
520
Total funding
projected to
be available
480
Funding
reduction
£89m
440
400
2013/14
2014/15
2015/16
2016/17
2017/18
2018/19
Since that time we have received further Government funding
announcements and identified savings, which we are actively
working to deliver, totalling around £40m. However further
savings are required.
Expenditure and income 2014/15
Funding gap 2015/16 – 2018/19
The estimated profile of future savings is:
£68m
2015/16
£26m
£31m
£31m
2016/17
2017/18
2018/19
To make the situation even more difficult, much of these
savings have to be made up front - meaning that at least £68m
has to be found in the first year (2015/16).
What we have done already
Campaign to secure
local decision making
on the use of the next
round of EU funding
Retained our AA+
credit rating meaning
access to lowest
borrowing rates and
preferred partner status
for a range of projects
Government agreement
for a Public Service
Obligation funding our air
link with London
Cut the cost of consultancy
and agency staff by 59%
Improving the transport
network by securing funding
to upgrade the A30 and
undertake works on the A38
New agreement with staff
along with a restructuring of
senior management has led
to significant savings
Making a successful case to
Government for investment
in our rail network (upgraded
sleeper service, improved
traincare depot and modernised
signalling)
Budget proposals - internal costs
Informing our budget
proposals, Cabinet
members have sought
to protect frontline
services through
improved efficiencies
and effectiveness of
the Council’s own
workings and processes
• Pay
• Premises
• Procurement
Budget proposals - new ways of working
Informing our budget proposals, Cabinet members
have sought to protect frontline services through
alternative delivery models
Being more efficient
Income generation
Co-operation and partnerships
Delivering services through
private organisations
Town and Parish Councils
Voluntary sector commissioning
Budget proposals
Front line reductions
£52m (33%)
This has provided for
the vast majority of
our current budget
proposals…
Income /
commercialisation
£27m (18%)
Unfortunately
frontline services
will be affected but we have sought
to protect those
services that we
consider most
important.
To be
identified
£13m (8%)
Corporate savings and
other efficiencies
£64m (41%)
Protected areas
Using information gathered during the consultations last year
and the views of all members, we identified a set of
priorities. These highlighted the areas which were
considered to be the most important to protect.
Services for
the most
vulnerable in
society
Public
Transport
Road repairs
and
maintenance
However as a consequence other frontline services will have
to bear the burden of this policy.
Council tax
• Council tax was raised for the first time in four years in April 2014
• Our current budget proposals included a 1.97% increase per annum
across each of the four years
• Based upon a Band D Property a 1.97% Council Tax increase in 2015/16
would result in a 48p per week increase
• Current Government policy means that an increase of 2% or greater
would have to be subject to a public referendum
• A 6% increase would raise £9.063m extra in 2015/16
• The Council has a scheme to support those who can not afford to pay
their Council Tax
Do you support our proposals for a further 1.97% increase?
Should we explore putting up Council Tax by more than 2%?
Over to you…
www.cornwall.gov.uk/cornwallbudget
Feedback from all the budget engagement events, together with
recommendations from the Council’s Portfolio Advisory Committees,
will be considered as part of the Cabinet’s deliberations on the final
budget proposals.
If you would like a copy of the budget engagement
summary please make sure your email address is on
our sign in sheet
www.cornwall.gov.uk/cornwallbudget
Thank you for joining us
If you have a comment or suggestion that you would like to let us
know after today, you can email us on:
[email protected]
or you can complete the online comment form on our website:
www.cornwall.gov.uk
www.cornwall.gov.uk/cornwallbudget
Download

budget presentation