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Financial strategy

Medium term financial strategy 2008/09 to 2010/11

The Council’s Medium Term Financial Strategy (MTFS) takes a three year perspective of the Councils finances. The Strategy is reviewed, updated and rolled forward annually and proves to be a key element within the Council’s overall strategic planning framework.

The latest MTFS relates to the financial years 2008/09 to 2010/11 and outlines how budget plans for both annual revenue budgets and capital schemes will be allocated to priorities set out in the Councils various corporate strategies and plans.

This updated MTFS identifies a need to plan additional provision for:

• protecting vulnerable people,
• social care needs to reflect changes in client numbers, in particular for increasing numbers of adults with learning disabilities,
• protecting the environment,
• maintaining and developing Council assets,
• other improvement priorities,
• Schools. These will remain a high priority and the plan assumes above general inflation increases in funding under the new Dedicated Schools Grant ( DSG) funding regime.

The MTFS is the first of the Council’s three phase process for setting the Councils final budget, followed by:

1. Presentation of Draft Budget proposals for consultation (January)
2. Presentation of the Final Budget to Budget Council (February / March).

Document downloads:

• Medium term financial strategy and revenue budget 2008/09 to 2010/11 [PDF file 506KB]|

• Medium term financial strategy 2007/08 to 2009/10 [PDF file 505KB]|

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