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Milton Keynes Council 2015/16 Budget Consultation - Let's Talk Budget

Join the discussion on the financial context, impact of the draft budget, ongoing consultation, and ways citizens can support sustainable services in Milton Keynes.

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Milton Keynes Council 2015/16 Budget Consultation - Let's Talk Budget

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Presentation Transcript

  1. Milton Keynes Council 2015/16 Budget Consultation - Let’s Talk Budget Tim Hannam – Corporate Director, Resources Nicole Jones – Service Director, Finance & Resources 1 1 1

  2. Objectives The aim of this session; • To explain the financial context for Milton Keynes Council and why we need to make significant changes • To explain the financial impact of the draft 2015/16 Budget and the outlook to 2020 • To highlight the ongoing budget consultation and clarify how you can participate • To discuss how the citizens of Milton Keynes can support the Council in providing sustainable services

  3. Financial Context • The Council continues to face significant financial challenges over the medium term. • Government funding has reduced by c40% from 2010-15 and is expected to continue to reduce by up to 15% per year • Local demographic pressures are increasing, including unprecedented demand for social care (children’s and adults) • Low Council Tax (0% increase for 2015/16) • There are also a number of changes which lead to uncertainty: • National economic outlook • Introduction of Universal Credit • Care Act • Changes to national insurance payments

  4. 2015/16 Draft Budget Summary

  5. Savings Delivery to Date and Future Requirements Savings from 2011/12 to 2014/15 = £68m Savings in 2015/16 = £22m Savings already identified between 2016/17 to 2019/20 = £14m Savings yet to be identified between 2016/17 to 2019/20 = £32m

  6. Funding gap Original gap £68m Revised gap £32m An increase to forecast social care demographic pressures and deeper Government funding reductions could increase the financial gap to £56m by 2019/20 6

  7. Strategy to Address the Gap • Cost reduction; a drive to reduce all costs associated with the Council • New models of service delivery; to reconsider the purpose of the Council and to engage the public about alternative ways to deliver and access services • Outcomes based commissioning;working with partners, to allow a broader approach than with current commissioning arrangements • Commercialisation; to increase awareness of the cost of service delivery with the development and implementation of new income generation ideas

  8. A Co-operative Council • Milton Keynes Council is now a Co-operative Council • Working with communities and individuals on the services which are the most important to them • This ethos will underpin our Community and Cultural Services Review • We cannot continue to deliver services as we do currently • We need a sustainable solution, beyond 2020 • We need communities to be part of the solution • Innovative delivery models • Social Enterprises or staff mutual • Partnership / community co-location / delivery • Parish / town council-led provision

  9. Areas of potential interest Areas of potential interest; • Investment in adults (£3.2m) and children's (£1.5m) social care • Community and Cultural Services Review • Changes to concessionary fares and bus subsidies • Ways that citizens can work with the Council to deliver services differently

  10. Budget Consultation • The Council’s annual Budget is the level of planned resource required to fund the following services; • Children’s & Education Services • Adult Social Care • Highways, Roads & Transport Services • Environment & Planning Services • Housing Services / Culture and Related Services • Milton Keynes Council is seeking your views on it’s draft 2015/16 Budget (consultation runs until 31st Jan). • This feedback will inform final 2015/16 budget, which the Cabinet meeting on 9th February recommends to full Council on the 18th February. • The draft Budget is also subject to independent scrutiny of the all party Budget Review Group (Oct-Feb). • You can respond to the consultation at: Email: letstalkbudgetmk@milton-keynes.gov.uk Social Media: @mkcouncil #budgetMK Website: www.milton-keynes.gov.uk/letstalkbudgetmk

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