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
- FSC2428 122 - Change in specific grants estimated (PDF, 360KB)
- HT2428 98 - Introduce annual increases to car parking charges (PDF, 383KB)
- HT2428 100 - Highways (PDF, 445KB)
- HT2428 101 - Safe Haven outside schools (Parking) (PDF, 393KB)
- HT2428 102 - Transport and Infrastructure Strategy Team - Restructure (PDF, 347KB)
- HT2428 104 - Parking - PDA - Back Office System contract (PDF, 370KB)
- HT2428 105 - Flood and Water Management Act 2010 SuDS & SABs Schedule 3 Implementation (PDF, 451KB)
- HT2428 106 - Energy saving measures from streetlights (PDF, 441KB)
- HT2428 107 - Parking (PDF, 323KB)
- HT2428 108 - Highways Revenue Services (PDF, 389KB)
- HT2428 109 - Local Bus (PDF, 348KB)
- HT2428 110 - FlexiLink Service Improvement Plan (PDF, 364KB)
- HT2428 111 - Highways Depot Improvements (PDF, 366KB)
- HT2428 112 - Bus Stop Advertising Revenue Generation - Replacement Contract (PDF, 340KB)
- HT2428 97 - Highway maintenance savings (PDF, 397KB)
- MTFS 34 - RF2327 - HLBC - Use of Children & Families Transformation Reserve - estimated balance (PDF, 267KB)
- MTFS 48 - RF2327 - Revenue Implications of IT procurements and Application Lifecycle Management - Copy (PDF, 430KB)
- MTFS 49 - RF2327 - Capital - Infrastructure Investment Programme v0.06 170123 (PDF, 961KB)
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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