Issue - meetings
Sustainability Strategy and Productivity Plan
Meeting: 27/06/2024 - Cabinet (Item 7)
7 Sustainability Strategy and Productivity Plan 
PDF 84 KB
(Report of the Leader of the Council)
Additional documents:
- Appendix 1 DLUHC Letter to Chief Executive re Productivity Plan, item 7
PDF 3 MB
- Appendix 2 Productivity Plan, item 7
PDF 166 KB
Minutes:
Report of the Leader of the Council, Provided Cabinet with information and a timetable for the Financial Stability Plan and Productivity Plan. This report has been considered by Corporate Scrutiny on 25th June 2024.
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Resolved |
that Cabinet approved: |
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The approach and timetable detailed in the Financial Stability Plan. |
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The budget and medium-term financial planning process |
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The Productivity Plan prior to submission and full publication to the Department for Levelling Up, Housing and Communities (DLUHC) |
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The delegation for finalisation and sign off of the Productivity Plan to the Leader and Chief Executive |
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(Moved by Councillor B Clarke and seconded by Councillor D Foster) |
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Meeting: 25/06/2024 - Corporate Scrutiny Committee (Item 10)
10 Sustainability Strategy and Productivity Plan PDF 84 KB
(Report of the Leader of the Council)
Additional documents:
- Appendix 1 DLUHC Letter to Chief Executive re Productivity Plan, item 10
PDF 3 MB
- Appendix 2 Productivity Plan, item 10
PDF 166 KB
Minutes:
Report of the Leader of the Council provided Corporate Scrutiny with information and a timetable for the Financial Stability Plan and Productivity Plan prior to consideration by Cabinet on 27 June 2024.
Members sought clarity on the following:
1. Where is the Stability Plan in the report. – The report outlines the measures in the financial Stability Plan these will be the measures that we are going to take to identify required savings in the future.
2. Finalisation of the Productivity plan to be signed off by the Leader of the Council
3. Revenue Support Grant is the abbreviation RSG
4. 5 year budget forecast, what is the main driver of the deficit more than quadrupling by 2025/27 – Main driver for the deficit is the business rates re-set. The business rates were valued back in 2013, any growth since then the council takes a proportion of once it is re-set nationally the council will lose some of the business rate re-set and ½ million pounds grant may be lost 2026/27 may change in new homes bonus grant
5. Under spend to save, Transformation Reserve. Mainly Information Communication Technology based, what does this mean in terms of the transformation reserve. - Assumption that ICT will be the way we improve ways we work and an area where we can make most savings.
6. Peer Review, how was it initiated and how long is it expected to take. – Initiated by Chief Executive last one in 2013 and they should be every 5 years.
7. Growth going forward, don’t’ strip savings out for the sake of it. – We are in a deficit 2025/26 position of 1.1 million pounds and savings do need to be made. We are mindful of the need to make some savings.
8. What impact is the interest on the savings. – budgeted for higher rate of interest, it is difficult to predict growth
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Resolved |
that committee endorsed: |
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The approach and timetable detailed in the Financial Stability Plan. |
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The budget and medium-term financial planning process. |
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The contents of this report prior to consideration by Cabinet. |
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The Productivity Plan prior to submission and full publication to the Department for Levelling Up, Housing and Communities (DLUHC). |
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The delegation for finalisation and sign off of the Productivity Plan to the Leader and Chief Executive. |
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(Moved by Councillor A Wells and seconded by Councillor H Hadley) |
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