The 2007/08 budget timetable
A summary of the budget process is shown below and serves to demonstrate how the strategic and budget planning processes are aligned.
| Date | Actions |
|---|---|
| March - May 2006 |
- Update the initial medium term financial forecast for a budget based on the existing level of service plus any known changes - Review service priorities and plan for efficiencies accounting for any issues brought forward from the previous budget round and issues from inspections, the Comprehensive Performance Assessment, performance and Best Value reviews, service plans and cabinet priorities - Commence with the comprehensive review of spending across services Establish work plan for consideration of budgetary implications of above |
| June - October 2006 |
- Refine medium term forecast in light of emerging local and national issues - Roll forward the 5-year capital investment strategy and asset management planConsider efficiency savings - Consider reports called for on matters arising from the review of services - Refine work plan - Review outcomes of closure of accounts and issues from budget monitoring - Consult with directorates on key service issues - Hold decision-conferencing events to consider directorate priorities on savings/investments |
| November 2006 |
- Launch public consultation on the budget - Receive provisional government financial settlement details - Refine financial forecasts for following year in light of the announcement of budget submissions and external factors - Access implications of government financial settlement details and prepare detailed budget plans - Continue consultation with Directorates on key service issues |
| December 2006 - January 2007 |
- Consider detailed options for budget and tax setting - Refine capital programme plans in light of grant and borrowing approval received and estimates of capital receipts - Continuation public consultation on the revenue budget |
| February 2007 |
- Finalise the revenue budget, council tax, capital programme and prudential indicator proposals - Council considers and approves budgets |
Calculation of the available resources to fund the 2007/08 budget
This page was last updated on 28 February 2008
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