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STOCKPORT COUNCIL

REPORT TO EXECUTIVE MEETING SUMMARY SHEET

Subject: Medium Term Financial Plan (MTFP) 2015/16-2016/17, Investing In Stockport Executive Proposals

Report to Executive Meeting Date: 12 August 2014

Report of: (a) The Leader of the Council and the Deputy Leader (Executive Councillor forCorporate, Customer and Community Services)

Key Decision: (b) Y

ForwardPlan

Y General Exception Special Urgency (Mark with a Yif applicable)

Summary:

At its meeting in July the Executive accepted a Medium Term Financial Forecast thatindicated a budget reduction requirement of 22.453m for 2015/16. Subject to anumber of risks and uncertainties that were outlined to the Executive, that report alsoforecast a cumulative reduction requirement of 39.419m in 2016/17, rising to 64.5mby 2018/19.

In response to those forecasts, and in line with its previous deliberations andstatements of intent, the Executive agreed the strategic framework for Investing inStockport (IIS), a single programme of sustainable growth and public service reformin the Borough over the medium term.

This report sets out the reforms proposed as part of the Investing in Stockportprogramme, and their potential implications and impact. Business cases for eachproposal are available as background papers to this report, with each in turn beingsupported by an activity and impact schedule; a consultation plan; and a draftEqualities Impact Assessment. The report also includes indicative cash limit budgetallocations for 2015/16 and 2016/17

Comments/Views of the Executive Councillors: (c)

We would like to thank the Liberal Democrat group for all the work on these proposals,

which go a long way to meeting the very challenging savings target as local authoritybudgets reduce. In drawing up these plans we have sought to look at every way to deliverthe outcomes the Liberal Democrats want to achieve for Stockport, working with othersand in very different ways where it is right to do so.

This level of change is not easy to deliver and there are risks involved. It will requirecouncil officers, community groups, members of the public and our partners acrossStockport to work together if we are to achieve the outcomes set out in these proposals. Inmany cases it will require changes in culture. We are grateful to all our partners on this

journey, both within and outside the Council.

Recommendations of the Executive Councillors: (d)

The Executive is recommended to:

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agree the indicative budget allocations and investment propositions set out in thereport and the associated business cases;

ask the Corporate Leadership team and senior managers, in consultation with therelevant Executive Councillors, to undertake the appropriate consultation exercisesand to develop implementation plans, including impact and risk assessments, tofacilitate the delivery of the proposals set out in the report

agree that, as appropriate, proposals be resubmitted for the Executives approval asconsultation exercises are completed and/or more detailed plans are prepared

continue with the steps necessary to agree a final balanced budget proposal for2015/16 and an updated Medium Term Financial Plan to 2016/17 for presentation tothe Council budget meeting in February 2015

report to all scrutiny committees in the next cycle outlining the proposals relating toeach committees remit

Relevant Scrutiny Committee(if decision called in): (e)Corporate Resource Management and Governance

Background Papers(if report for publication): (f)Report to Executive meeting 15 July 2014 - Medium Term Financial Plan 2015/16 2018/19

Contact person for accessing background papers and discussing the reportOfficers: Steve Houston / Laureen Donnan Tel: 474 4000 / 3180

Urgent Business: (g) Yes/ No (Please circle)

Certification (if applicable)This report should be considered as urgent business and the decision exempted fromcall-in for the following reason(s):

The written consent of Councillor and the Chief Executive/MonitoringOfficer/Corporate Director for Corporate and Support Services for the decision to be

treated as urgent business was obtained on /will be obtained beforethe decision is implemented.