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Corporate Strategy 2016 – 2020

Budget Fair 2015 Andrew Pate – Strategic Director (Resources) Tim Richens – Chief Financial Officer. Corporate Strategy 2016 – 2020. A focus on prevention. Transport New homes and jobs Cleaner, healthier communities. Independence for older people Investing in our young people.

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Corporate Strategy 2016 – 2020

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  1. Budget Fair 2015Andrew Pate – Strategic Director (Resources)Tim Richens – Chief Financial Officer

  2. Corporate Strategy 2016 – 2020

  3. A focus on prevention • Transport • New homes and jobs • Cleaner, healthier communities • Independence for older people • Investing in our young people 3 Directorate Plans (Resources, Place, People) A strong economy and growth A new relationship with customers & communities Corporate Strategy 2016-2020 An efficient business • Putting residents first in everything we do • Tackling waste and increasing efficiency

  4. The Financial Challenge

  5. Savings Delivered 2013/14 to 2015/16

  6. Revenue Budget Gap and Key Funding Streams 2015/16 to 2019/20

  7. Business Rate Retention - Headlines Chancellor’s Announcement 5th October • Business Rates to be 100% retained by Councils by 2020. • Local flexibility to reduce rate to attract new business. • Increase rate by up to 2p subject to a directly elected Mayor and Business Support. • Will be “Fiscally Neutral” - local government will need to accept new unfunded responsibilities. • Opportunity to “grow local economy and balance the books”. • More detail in Autumn Statement

  8. What This Means • A Sustained Financial Challenge for the Council • Further detail to be announced. • The Council is developing a Budget for 2016/17 and a Financial Plan to 2020 to address the challenge. • Already identified significant savings and new income opportunities (Cllr Gerrish more details) • Directorate Plans set these out further – for consideration by PDS Panels (Nov & Jan) – details on Council Website • More work to be done during 2016.

  9. Budget – Key Dates • November & January - Policy Development & Scrutiny Panels • 25th November – Autumn Statement • Late December - Government Financial Settlement • January – Cabinet Draft The Budget Proposal • 10th February - Budget Report to Cabinet • 16th February - Budget Report to Council • 23rd February – Reserve Council Date

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