Decision details

Financial Prospects Report 2020/21 to 2025/6

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Council’s Medium-Term Financial Strategy (MTFS) covering the period up to 2025/26 rolls forward the data in the existing approved MTFS.  The Strategy amends certain assumptions contained in it to reflect changes in the Council’s circumstances and other issues that have a strategic bearing on the Council’s financial prospects.

Decision:

The Cabinet

 

            RESOLVED – That

 

(1)          The core assumptions set out in the Medium-Term Financial Strategy and the current financial position be agreed;

 

(2)          The significant risks to local government finance that have been clearly outlined in the report be noted and agreed;

 

 

(3)          The Medium-Term Financial Strategy be approved and be used to set up the Budgetary framework in preparing the 2021/22 Budget.

Report author: Alan Peach

Publication date: 21/09/2020

Date of decision: 21/09/2020

Decided at meeting: 21/09/2020 - Cabinet

Effective from: 01/10/2020

Accompanying Documents: