Issue - meetings

(i)            That the draft Medium Term Financial Strategy 2020/21 – 2024/25 be endorsed as a basis for consultation.

(ii)           That the draft Strategy be referred to the Finance, Resources and Partnerships Scrutiny Committee for review and comments.

A report was submitted to Cabinet seeking endorsement of the draft Medium Term Financial Strategy for the period 2020/21 to 2024/25. 

The Portfolio Holder for Finance and Efficiency, Councillor Stephen Sweeney advised that this was a rolling programme and was the framework for the annual budget process and gave an insight into how the Council works.

One of the key features was the Borough Growth Fund which would now be in the budget every year.

The Leader, Councillor Simon Tagg stated that this was the second year of the Efficiency Board process which involved a good look at the finances of the Council and also showed where efficiencies could be made. 

The draft Strategy would be referred to the Finance, Resources and Partnerships Scrutiny Committee for review.

Resolved:     (i)      That the draft Medium Term Financial Strategy 2020/21 – 2024/25 be endorsed as a basis for consultation.

(ii)          That the draft Strategy be referred to the Finance, Resources and Partnerships Scrutiny Committee for review and comments.