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
- EC2428 95 - Planning Service Restructure (PDF, 282KB)
- EC2428 96 - Review of Household Waste Recycling Centres (PDF, 335KB)
- EG2428 49 - Service Restructures within Place based Services (PDF, 366KB)
- EG2428 50 - Reduce opening hours for main offices (PDF, 293KB)
- EG2428 51 - Office estate rationalisation (PDF, 443KB)
- EG2428 52 - Tatton Park (PDF, 352KB)
- EG2428 53 - Transfer of Congleton Visitor Information Centre (PDF, 359KB)
- EG2428 55 - Tatton Park ticketing and electronic point of sale (EPOeS) upgrade (PDF, 344KB)
- EG2428 56A - Cultural (PDF, 185KB)
- EG2428 56B - Cultural (PDF, 380KB)
- EG2428 56C - Cultural (PDF, 348KB)
- EG2428 56D - Cultural (PDF, 535KB)
- EG2428 57 - Property Information and Management System - Estates - Revenue Adjustment (PDF, 269KB)
- EG2428 58 - Housing (PDF, 499KB)
- EG2428 59 - Environmental Hub Waste Transfer Station (PDF, 282KB)
- EG2428 60 - Rural and Visitor Economy (PDF, 434KB)
- EG2428 61 - Minimum energy efficiency standards (MEES) - Estates - Revenue Adjustment (PDF, 287KB)
- EG2428 62 - Public Rights of Way Income Realignment (PDF, 377KB)
- EG2428 64 - Crewe town centre maintenance and operation (PDF, 338KB)
- EG2428 65 - Assets - Buildings and Operational (PDF, 493KB)
- EG2428 66 - LFSA Revenue Adjustment - Estates – CE Owned Landfill sites (53 sites) Review and Risk Assessment completions (PDF, 276KB)
- EG2428 67 - Tatton Park Estate Dwellings Refurbishment (PDF, 326KB)
- EG2428 68 - Improving Crewe Rented Housing Standards (PDF, 327KB)
- FSC2428 - 121 Business Rates (PDF, 265KB)
- FSC2428 113 - Capital Financing - Minimum Revenue Provision (PDF, 332KB)
- FSC2428 114 - Central Bad Debt Provision adjustment (PDF, 302KB)
- FSC2428 115,116,117 - Use of Earmarked Reserves (PDF, 407KB)
- FSC2428 118 - Use of Earmarked Reserves - gap for 2024-25 (PDF, 352KB)
- FSC2428 119 - Increase forecast Domestic Tax Base Growth % increase (PDF, 228KB)
- FSC2428 120 - Increase forecast Domestic Tax Base Growth (PDF, 339KB)
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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