Council within budget but more challenges ahead

Telford & Wrekin Council’s finances are currently estimated to be within budget for 2018/19 – but the funding outlook for the medium term is still uncertain.

A report to the council’s Cabinet – which meets on November 15 – says the council has "an excellent track record of robust active budget management” which needs to be maintained to meet future challenges.


As a financially responsible organisation, Telford & Wrekin Council has a centrally held contingency fund to enable it meet unforeseen costs – for example, natural disasters or exceptionally harsh winters.


This financial year the council has used £800,000 of its centrally held contingency fund to stay within budget in this financial year, leaving a further £4.8m available for emergencies.


It has also made £7.6m savings to balance the 2018/19 budget with the aim that senior managers will make further improvements where possible by year end.


Councillor Lee Carter, Telford & Wrekin Council’s cabinet member for Council Finance, said: "The cabinet has worked closely with the council’s Senior Management Team to sustain the position of staying within budget – we have always taken a proactive approach to our financial management and kept a sharp eye on likely future developments.


"Of course there are pressures - Children’s Safeguarding and Early Help continues to be a key area of focus and there are a number of strategies under way to reduce costs and deliver savings.


"A cost improvement plan is in place, as is also the case with Adult Social Care.”


The report highlights that there are a number of variations from the approved budget including: 


•A benefit of £2.2m relating to active Treasury Management work

•A benefit of £600,000 relating to early delivery of benefits ahead of schedule from the Council’s £50m Growth Fund investments

•Additional investment of £2.9m required in Children’s Safeguarding and Early Help to meet current levels of need within the community


The report adds: "The funding outlook for the medium term is uncertain. However, it is anticipated that the Council will need to identify a further £20-25m savings by the end of 2020/21 on top of the £117m savings already delivered.”





Date: 08 November 2018 | Source: Telford Council

Telford Businesses

Calendar Countdown

Upcoming Events in Telford

26 May 2019

2- 9pm


Proms & Prosecco in the Park Tickets
Tier 1 - £21 or £20 for groups of 6+ until sold out
Tier 2 - £26 or £25 for groups of 6+ from end of Tier 1 sales until sold out
Tier 3 - £30 or £29 for groups of 6+ from end of Tier 2 sales until midnight 25 May
VIP - £35 includes VIP parking and posh loos
Children - £5 aged 10-18.
Under 10's go free!
On the gate - £38

Weekend Tickets
Includes entry to Proms & Prosecco in the Park on 26 May and Fireflies Festival on 27 May
Tier 1 - £28 until sold out
Tier 2 - £35 from end of Tier 1 sales until sold out
Tier 3 - £42 from end of Tier 2 sales until sold out
Children - £10 aged 10-18 / under 10’s go free!

Full details at www.fizzfestivals.com

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26 May 2019

10am - 5pm


Free to watch

Team entry fees - TBC

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27 May 2019

2 - 9pm


Fireflies Festival Tickets
Tier 1 - £12 or £11 for groups of 6+ until sold out
Tier 2 - £16 or £15 for groups of 6+ from end of Tier 1 sales until sold out
Tier 3 - £20 or £19 for groups of 6+ from end of Tier 2 sales until midnight 25 May
VIP - £28 includes VIP parking and posh loos!
Children - £6 aged 10-18 / Under 10's go free!
£25 on the gate
Gazebo hire - £70 for 3 x 3m gazebo

Weekend Tickets
Includes entry to Proms & Prosecco in the Park on 26 May and Fireflies Festival on 27 May
Tier 1 - £28 until sold out
Tier 2 - £35 from end of Tier 1 sales until sold out
Tier 3 - £42 from end of Tier 2 sales until sold out
Children - £10 aged 10-18 / under 10’s go free!
VIPs - £52 includes VIP parking and posh loos!
Gazebo hire - £120 for 3x3m gazebo

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29 May 2019

Session 1: 11.30-13.00

Session 2: 14.00-15.30


FREE

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30 May 2019

Thursday 30 May

1.30pm & 4pm

Show running time (Approx): 55 Minutes, No interval

Suitable for children aged 3+


£14

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