Value for Money 2014
Guidance and Data on the Financial Resilience of the Council
Cheshire East Council has updated a key document to demonstrate its strong financial position.
Cheshire East is the third largest council in the Northwest of England, responsible for over 500 services, supporting over 370,000 local people. Annual spending is more than £750m, with a balanced net budget for 2014/15 of £253.8m.
The complexity of customer demands and the size of the organisation make it very important to manage performance and control expenditure to ensure the best outcomes for residents and businesses.
Strong financial performance
The overall financial health, performance, resilience and value for money at Cheshire East Council is strong despite taking £100m out of its cost base from 2009/10, and freezing Council Tax for the fourth consecutive year.
The 2013/14 outturn position was recently signed off by the Council’s external auditors, without qualification, and savings are consistently achieved through efficiency, removing duplication of effort, making reductions in management costs, and planned programmes of asset disposals. The approach continues to protect funding provided to front line services.
In November 2014 the Council reported its mid-year review of performance demonstrating how the Council is continuing to build on the final outturn position for 2013/14 by reflecting a manageable forecast overspend of £1.1m or 0.4% of net budget. This was the lowest figure ever reported for the Council at the mid-year stage of the financial year and confirmed that the Council’s reserves strategy remains effective in maintaining the risk assessed minimum level.
The Council has robust billing and collection procedures for local taxation this is demonstrated by high, sustained collection rates from its relatively high domestic and non-domestic taxbases.
Value for money headlines
Council Tax Levels have been controlled and inflationary pressures managed.
Spending Power is below comparator levels – similar services are provided at lower cost.
Funding sources are changing to place more reliance on local sources of funding.
Cheshire East Council Value for Money 2014/15
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Page last reviewed: 04 January 2022
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