Cheshire East Budget
Medium Term Financial Strategy 2024-28
Our budget has outlined a 4.99% council tax rise for 2024/25. Find out how every £1 of your council tax is spent on our council tax pages.
Cheshire East Council met on 27 February 2024 and agreed the Medium-Term Financial Strategy Report for 2024/25 to 2027/28.
The report provides detailed information on the issues facing the Council in the medium term and shows how these are being addressed to present a balanced financial position for the 2024/25 financial year.
The appendix to the report entitled the Medium-Term Financial Strategy 2024-28 (PDF, 4 MB) features:
- An Executive Summary
- The detailed Medium-Term Financial Strategy Report
Section 1 sets out the budget changes for each of our Committees and more details of the actions each service area will be taking over the next four years to deliver these.
Section 2 of the report sets out how the Council’s expenditure will be funded from Government grants, Business Rates and Council Tax. This includes details of the 4.99% increase in Council Tax for 2024/25 (including 2% ring-fenced specifically for Adult Social Care).
The annexes to the report provide supporting information including line by line detail of the grants, budget policy changes and capital schemes that have been agreed as part of the Budget package. The latest Reserves Strategy, Investment Strategy and Treasury Management Strategy is also provided.
Page 402 of the MTFS has been revised following the publication of the Council agenda papers to update for some presentational errors.
Supporting information - HLBCs
- CP2428 41C - Other efficiencies and reductions across Corporate Services (PDF, 345KB)
- CP2428 43 - Mitigation of reduction in the Dedicated Schools Grant (PDF, 433KB)
- CP2428 45 - Legal Services Capacity (PDF, 476KB)
- CP2428 46 - ICT Review 1 (PDF, 438KB)
- CP2428-06 - HLBC - Additional Resource - Regeneration and Highways Lawyers x 2 (PDF, 352KB)
- CP2428-07 - HLBC - Additional Resource - Full-time Employment Lawyer (PDF, 387KB)
- CP2428-08 - HLBC - Additional Resource - SEN Paralegal (PDF, 273KB)
- EC2428 69 - Refresh wholly owned company overheads and contributions (PDF, 278KB)
- EC2428 70 - Strategic Leisure Review (Stage 2) (PDF, 368KB)
- EC2428 71 - Mitigate the impact of contract inflation and tonnage growth (PDF, 351KB)
- EC2428 72 - Emergency reduction of Household Waste Recycling Centres (HWRC) to four core sites (PDF, 333KB)
- EC2428 73 - Libraries Strategy (PDF, 285KB)
- EC2428 74 - Reduce costs of street cleansing operations (PDF, 278KB)
- EC2428 75 - Reduce revenue impact of carbon reduction capital schemes (PDF, 344KB)
- EC2428 76 - Increase Garden Waste charges to recover costs (PDF, 333KB)
- EC2428 77 - MTFS 80 (Feb 23) - Waste Disposal - Contract Inflation and Tonnage Growth (updated forecast) (PDF, 332KB)
- EC2428 80 - MTFS 90 (Feb 23) Strategic Leisure Review (PDF, 438KB)
- EC2428 81 - MTFS 91 (Feb 23) - Green Spaces Maintenance Review (PDF, 420KB)
- EC2428 82 - MTFS 92 (Feb 23) - Review Waste Collection Service - Green Waste (PDF, 389KB)
- EC2428 84 - MTFS 93 (Feb 23) Libraries - Service Review (PDF, 534KB)
- EC2428 85 - Explore a Trust delivery model for Libraries and other services (PDF, 395KB)
- EC2428 86 - CCTV (PDF, 188KB)
- EC2428 87 - Congleton Town Council Collaboration Agreement – Grounds Maintenance (PDF, 353KB)
- EC2428 88 - Closed Cemeteries (PDF, 289KB)
- EC2428 89 - Environmental Hub maintenance (PDF, 310KB)
- EC2428 90 - Review Closed Landfill Sites (PDF, 262KB)
- EC2428 91 - Land Charge Income Adjustment (PDF, 281KB)
- EC2428 92 - Building Control Income Alignment (PDF, 276KB)
- EC2428 93 - Local Plan Review (PDF, 275KB)
- EC2428 94 - Planning income (PDF, 273KB)
Budget Consultation 2024
Cheshire East Council is invited opinions and views from residents, businesses, councillors, staff, town and parish councils, local community groups and other stakeholders on the Council’s budget for the next financial year.
The budget consultation ran until 28 January 2024.
You can view the feedback from this year's budget engagement document below.
Further information - 5 measures
The Council adopts a standard five measures approach to balancing the MTFS and each measure is explored in relation to the medium-term balancing of the MTFS . The measures are:
Measures and descriptions
Measure | Description |
Measure One ~
Challenge
Financial Assumptions
|
Estimates related to Government funding and inflation in particular are checked against up to date indices and policies.
|
Measure Two ~
Review Local Taxation
|
Flexibility in Council Tax and business rates is explored in relation to emerging Government policy, demographic changes, local service ambitions and growth in the tax base.
|
Measure Three ~
Manage Reserves
|
The impact of the Council’s Reserves Strategy is analysed, particularly in relation to risk and investment.
|
Measure Four and Five ~
Manage Cost Drivers & Income
|
Options for future service delivery are challenged to ensure outcomes will be achieved in a cost effective and efficient way.
|
Our Five Measures to Balancing the MTFS (PDF, 159KB) document contains detailed information on how these measures have been addressed.
Page last reviewed: 29 February 2024
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