Financial strategy
Medium term financial strategy
The Medium Term Financial Strategy (MTFS) is a key element within the Council's overall strategic planning framework. The Strategy takes a three year perspective and is reviewed, updated and rolled forward annually to set a framework for how budget pressures and priorities will be managed within the best estimates of available capital and revenue resources.
The latest MTFS relates to the financial years 2010/11 to 2012/13 and builds upon last year's by demonstrating more fully the way in which Partners' finances relate to the Council's, as well as providing more information on how resources are linked to priorities and plans.
Along with the need to plan for further efficiencies this updated MTFS identifies additional provision for the following priority areas:
- Protecting vulnerable people, and particularly children in care
- Social care needs to reflect changes in client numbers, in particular for increasing numbers of adults with learning disabilities
- Protecting the environment. Ensuring we can reduce reliance on landfill to dispose of waste, but providing for the additional cost of landfill where necessary
- Other improvement priorities
- Schools. These will remain a high priority and the plan assumes above general inflation increases in funding under the Dedicated Schools Grant (DSG) funding regime.
The MTFS is the first of the three phase process for setting the Council's final budget, followed by:
- Presentation of Draft Budget proposals for consultation (January)
- Presentation of the Final Budget to Budget Council (February / March).
Document downloads:
Town Hall, Crossley Street, Halifax, West Yorkshire, HX1 1UJ
Privacy Policy : W3C Valid CSS : W3C Valid XHTML 1.0 :
Web Site Performance : Disclaimer and copyright