Figure 1 - Example of budget process
Medium Term Financial Strategy Update
The Corporate Management Team will present a report to the Finance and Corporate Affairs Committee to provide an update on the financial position facing the Council for the period covered by the Medium Term Financial Strategy. This will include determining indicative Council Tax increases, indicative Local Council Tax Support Scheme and savings requirements.
Individual Policy Committees
Develop and approve initial savings proposals to contribute towards achieving overall savings requirements identified by the Finance and Corporate Affairs Committee, which can be approved for early implementation.
Finance and Corporate Affairs Committee
Consider and approve initial savings proposal developed by individual Policy Committees which can be referred to Council for early implementation.
Budget Communication
Provision of information and explanation on the financial position facing the Council.
Finance and Corporate Affairs Committee
Review of reserves held at 31st March.
Council
Consider and approve initial savings proposals referred by Finance and Corporate Affairs Committee for early implementation.
Individual Policy Committees
Consider and approve final savings proposals required to achieve a balanced budget.
Council
Consider and approve Local Council Tax Support Service proposed by Finance and Corporate Affairs Committee based on simple majority vote.
Finance and Corporate Affairs Committee
Approve final budget proposals developed by individual Policy Committees to be referred to full Council.
Council
Consider and approve budget proposals and HBC Council Tax level proposed by Finance and Corporate Affairs Committee. Consider and approve statutory Council Tax calculations incorporating precepts approved by Police and Crime Commissioner, Cleveland Fire Authority and Parish Councils.