Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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F Financial Performance in 2012/13 33 In ensuring that the budget is robust it is important to take account of current spending patterns and the Council’s overall financial position. In overall terms the Council is currently forecasting an under spend of around £4 million, equivalent to 1% of the budget. Full details of this forecast are provided in Annex 6. 34 In summary the current forecast for 2012/13 is shown below: Adults Children and Families Communities and Infrastructure Support Services Technical & Corporate Total: Overspend of £0.92 million Underspend of £4.80 million Overspend of 1.10 million Underspend of £0.51 million Underspend of £0.77 million Under spend of £4.06 million G 2013/14 Detailed Budget Proposal Overview 35 A budget of £430.91 million is proposed, representing a decrease on the 2012/13 original reworked budget in cash terms of £15.4 million or 3.46%. The proposed budget for 2013/14 is summarised below: £000 Original 2012/13 reworked Budget 425,230 Inflation (1) 7,446 Cost and spending increases 12,307 Cost Reductions -35,199 Total (excluding Public Health) 409,784 Public Health 21,126 Total (All) 430,910 Less: Formula Grant Council Tax Freeze Grant (2012/13 and 2013/14) Public Health Grant NHS Funding New Homes Bonus One off Transitional Grant Education Single Grant Education Statutory Responsibility Grant 159,590 8,573 21,126 9,055 1,819 664 5,400 1,247 Budget to be met by Council Tax Payers 223,436 Council Tax at band D = £1,090.50 11
(1) The budget provides for contractual prices inflation, forecast pay increases and the increase in the Local Government Pension Scheme employer’s superannuation contributions following actuarial valuation of the fund. 36 An overview of the net budget is provided in Annex 2, with an overall financial summary of the proposed budgets for 2013/14, broken down by commissioning area being provided. The individual cost increases and cost reductions are then shown, in summary form, in Annexes 3 and 4. The budget proposals for 2013/14 have been formulated in the context of the Medium Term Financial Planning framework which is provided in Annex 5. Dedicated Schools Grant (DSG) 37 The DSG for 2013/14 was announced on the 19 th December 2012 as £387.4 million. This represents a cash freeze on the pupil unit rate of funding but is an increase of £7.5 million to the 2012/13 baseline for an increase in pupils and additional responsibilities resulting from the school funding reforms. The 2013/14 school funding reforms result in the DSG being split into three funding blocks for High Needs, Early Years and Schools. Funding will not be ring fenced between the three blocks. The split of the 2013/14 baselines across the three blocks are: The £7.5 million increase in the DSG relates to the following: • £1.3m increase to the schools block for a net increase of 310 pupils. • £1.7m increase to the high needs block for new post 16 funding responsibilities. • £3.9m addition for new 2 year old funding responsibilities • £0.5m addition for 3 year old transition funding for removing the 90% floor. • £0.1m addition for monitoring and quality assuring Newly Qualified Teacher (NQT) induction. Although the schools block figure has now been confirmed by the DfE, the high needs block will not be confirmed until March 2013 after further information on high needs growth and hospital education funding has been collected on the 25th January 2013. The early years block will not be confirmed until April 2014 after it has been updated for the January 2014 census count. 12
Page 1 and 2: Gloucestershire County Council Medi
Page 3 and 4: 7 The capital budget strategy refle
Page 5 and 6: This will then provide a further £
Page 7 and 8: The draft budget was also considere
Page 9 and 10: for non Academy Schools. These amou
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Page 15 and 16: Any increase in a school’s depriv
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Page 21 and 22: 2014/15 2015/16 £m £m Budget 420.
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Page 25 and 26: escheduling, and investments. • P
Page 27 and 28: ANNEX 1.1 : COMMISSIONING INTENTION
Page 29 and 30: Delivering Change Achieving improve
Page 31 and 32: Currently an estimated 38,000 older
Page 33 and 34: ANNEX 1.3: COMMISSIONING INTENTIONS
Page 35 and 36: Looking Forward Some of the changes
Page 37 and 38: Source LGA: From transition to tran
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Page 58 and 59: Forward Planning 2013/14 to 2015/16
Page 60 and 61: Revenue Outturn 2012/13 : Forecast
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• The Learning Disabilities Exter
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• Young people’s support: an un
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Reserve movements Balance at 31st M
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Academies. Such adjustments will be
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Scheme Name Actual Actual Forecast
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Annex 9 Capital Programme Prior Yea
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Scheme Name Prior Years 2011/12 £'
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Capital Programme Forecast - Decemb
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1. Background 1.1 The Chartered Ins
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5.3 Total borrowing requirement at
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7.8 Council’s Banker - The Counci
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Appendix A EXISTING PORTFOLIO PROJE
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4. Ratio of Financing Costs to Net
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9. Adoption of the CIPFA Treasury M
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Arlingclose’s Economic and Intere
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Specified Investments Appendix D Sp
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Councils Bank Account The Council b
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Notes: • This list could change i
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3. The Local Authority Mortgage Sch
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ANNEX 11 RISK MANAGEMENT STRATEGY 2
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Risk Management Policy Statement Gl
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What are our Strategic Risk Managem
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Appendix 1 - Risk Management Accoun
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Staff/Other Stakeholders ‣ Mainta
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i http://www.dh.gov.uk/prod_consum_
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Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

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