A Medium-Term Financial Strategy
(MTFS) report from chief executive Darren Mepham and interim head of finance Gill Lewis, which is due to be considered by cabinet members today, states the increase in council tax is "in order to generate additional income to provide flexibility to mitigate the impact of some of the proposed budget reductions on the citizens of Bridgend based on the outcome of consultation with the public and members".
He said: "The panel is correct to recognise the extent of the extremely challenging circumstances facing the council as it focuses on developing a robust medium-term financial strategy
- a challenge made all the more difficult by year-on-year cuts to government grant allocations.
Mr Coppinger said: "The precept increase is part of a medium-term financial strategy
to move Cleveland Police forward and deliver savings and effi-ciencies.
However, the stand-alone credit profile, which is assessed at "b+", is constrained by significant sector and counterparty concentration risk, which raises doubts about the bank's medium-term financial strategy
and weakens its income-generation ability, the service added.
We have sought assurances from the GOC that they are not wilfully expanding their activities and that, at long last, they have in place a medium-term financial strategy
to ensure that their fees start to level out for the following year, because a third successive massive increase would indicate an organisation now out of control:'
The financial challenges for the council do not end with agreement on this budget; the prospects for 2010/11 are just as challenging and work on the medium-term financial strategy
has already started.
The Audit Commission's draft report - leaked to the Evening Telegraph - criticised the council for not making it clear it had pounds 90m in reserves, not having a medium-term financial strategy
and not putting all the facts and figures before councillors in its budget-setting process.
Thus our forecasts are not constrained to produce the totals for spending or for borrowing implied by the Medium-term Financial Strategy
Maintaining a consistent medium-term financial strategy
still remains essential to safeguard sustainable medium-term growth, but it provides a formidable challenge.
35% into their medium-term financial strategy
for this non election year.
Next year's budget for the unitary Northumberland Council is a critical one, as it will require around pounds 28m in savings to launch the authority on its medium-term financial strategy
Mr Nicklin's report to councillors said: "The council has taken effective action over the past two years to ensure that its medium-term financial strategy
, budgets and capital programme are soundly based and are designed to deliver its priorities.