Issue - meetings

(a)       That the Medium Term Financial Strategy for 2015/16 to 2019/20 be approved.

 (b)      That the report be referred to the Finance Resources and Partnerships Scrutiny Committee for comment.

A report was submitted to provide the background on the financial strategy for the Council over the next five years in the light of the national and local financial situation and taking account of the Council’s priorities.

The Medium Term Financial Strategy underpinned the whole financial planning structure of the Authority. It was closely aligned to the Council’s Council Plan and focused on targeting its financial resources in line with its stated aims and objectives.

The Portfolio Holder for Finance and Resources passed on Members thanks for the well written and clear nature of the report.

The Strategy would be considered by the Finance, Resources and Partnerships Scrutiny Committee and all options would be brought back to Cabinet for consideration.

The Leader highlighted the importance of member involvement in the budget setting process at events such as the Budget Scrutiny Café and requested all members to send comments to the Finance team as soon as possible for consideration.

Resolved:

(a)       That the Medium Term Financial Strategy for 2015/16 to 2019/20 be approved.

 (b)      That the report be referred to the Finance Resources and Partnerships Scrutiny Committee for comment.