Issue - meetings

Medium Term Financial Strategy

Meeting: 17/10/2018 - Cabinet (Item 3)

3 MEDIUM TERM FINANCIAL STRATEGY pdf icon PDF 78 KB

·        Please note – document has been slightly amended from the previously published agenda

Additional documents:

Decision:

(a)  That the Medium Term Financial Strategy for 2019/20 to 2023/24 be approved.

(b)  That an online consultation go live after this meeting.

Minutes:

The Deputy Leader and Cabinet member for Finance and Efficiency presented the Medium Term Financial Strategy for the period 2019/20 to 2023/24.  Whilst the strategy demonstrated alignment with the Council Plan, and ensured efficiency in service delivery and targeting resources to agreed priority areas it identified significant budgetary shortfalls over the next five years.  In this respect further budget options developed by the Efficiency Board would be available for consideration in December prior to consideration of a draft budget for 2019/20 at the January meeting.

 

The Medium Term Financial Strategy had been considered by the Finance Assets and Performance Scrutiny Committee (20/09/2018). 

 

Resolved:    (a)     That the Medium Term Financial Strategy for 2019/20 to 2023/24 be approved.

 

                        (b)     That an online consultation on options for the budget go live after this meeting.