Milton Keynes Council 2015/16 Budget Consultation - Let’s Talk Budget Tim Hannam – Corporate Director, Resources Nicole Jones – Service Director, Finance & Resources 1 1 1

Objectives The aim of this session; To explain the financial context for Milton Keynes Council and why we need to make significant changes To explain the financial impact of the draft 2015/16 Budget and the outlook to 2020 To highlight the ongoing budget consultation and clarify how you can participate To discuss how the citizens of Milton Keynes can support the Council in providing sustainable services

Financial Context The Council continues to face significant financial challenges over the medium term. Government funding has reduced by c40% from 2010-15 and is expected to continue to reduce by up to 15% per year Local demographic pressures are increasing, including unprecedented demand for social care (children’s and adults) Low Council Tax (0% increase for 2015/16) There are also a number of changes which lead to uncertainty: National economic outlook Introduction of Universal Credit Care Act Changes to national insurance payments

2015/16 Draft Budget Summary

Savings Delivery to Date and Future Requirements Savings from 2011/12 to 2014/15 = £68m Savings in 2015/16 = £22m Savings already identified between 2016/17 to 2019/20 = £14m Savings yet to be identified between 2016/17 to 2019/20 = £32m

Funding gap Original gap £68m Revised gap £32m An increase to forecast social care demographic pressures and deeper Government funding reductions could increase the financial gap to £56m by 2019/20 6

Strategy to Address the Gap Cost reduction; a drive to reduce all costs associated with the Council New models of service delivery; to reconsider the purpose of the Council and to engage the public about alternative ways to deliver and access services Outcomes based commissioning; working with partners, to allow a broader approach than with current commissioning arrangements Commercialisation; to increase awareness of the cost of service delivery with the development and implementation of new income generation ideas

A Co-operative Council Milton Keynes Council is now a Co-operative Council Working with communities and individuals on the services which are the most important to them This ethos will underpin our Community and Cultural Services Review We cannot continue to deliver services as we do currently We need a sustainable solution, beyond 2020 We need communities to be part of the solution Innovative delivery models Social Enterprises or staff mutual Partnership / community co-location / delivery Parish / town council-led provision

Areas of potential interest Investment in adults (£3.2m) and children's (£1.5m) social care Community and Cultural Services Review Changes to concessionary fares and bus subsidies Ways that citizens can work with the Council to deliver services differently

Budget Consultation The Council’s annual Budget is the level of planned resource required to fund the following services; Children’s & Education Services Adult Social Care Highways, Roads & Transport Services Environment & Planning Services Housing Services / Culture and Related Services Milton Keynes Council is seeking your views on it’s draft 2015/16 Budget (consultation runs until 31st Jan). This feedback will inform final 2015/16 budget, which the Cabinet meeting on 9th February recommends to full Council on the 18th February. The draft Budget is also subject to independent scrutiny of the all party Budget Review Group (Oct-Feb). You can respond to the consultation at: Email: letstalkbudgetmk@milton-keynes.gov.uk Social Media: @mkcouncil #budgetMK Website: www.milton-keynes.gov.uk/letstalkbudgetmk