STR ATEGIC PL A N: 2016 - 2019 Our Financial Outlook Financial Outlook Savings to date are being made without redundancies, with reliance upon normal retirements and, where appropriate, The Government is looking to make removing vacant posts. savings across the public sector and with this in mind we must now work The Authority’s projected medium-term to ensure that the organisation can financial position is as follows: continue to deliver a high level of service at a lower cost. 2016/17 2017/18 2018/19 £0.5m £1.0m £2.0m Since 2011 recurring savings of circa Deficit Deficit Deficit £9.0m have been achieved through a number of efficiency programmes across the whole service. This is in Financial challenges remain from the year response to the Authority’s reduction in 2016/17 into the next Comprehensive external funding from Government of Spending Review (CSR) period. A further £7.5m over the period 2011/12 to £2.0m of efficiencies may be required before 2015/16. 2018/19 to balance the budget over the medium-term. 19
STR ATEGIC PL A N: 2016 - 2019 Our Financial Outlook Financial Outlook The Government is looking to make savings across the public sector and with this in mind we must now work to ensure that the organisation can continue to deliver a high level of service at a lower cost. Since 2011 recurring savings of circa £9.0m have been achieved through a number of efficiency programmes across the whole service. This is in response to the Authority’s reduction in external funding from Government of £7.5m over the period 2011/12 to 2015/16. Savings to date are being made without redundancies, with reliance upon normal retirements and, where appropriate, removing vacant posts. The Authority’s projected medium-term financial position is as follows: 2016/17 2017/18 2018/19 £0.5m £1.0m £2.0m Deficit Deficit Deficit Financial challenges remain from the year 2016/17 into the next Comprehensive Spending Review (CSR) period. A further £2.0m of efficiencies may be required before 2018/19 to balance the budget over the medium-term. 19