Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The Chief Officer (Financial Services) submitted a report which presented an updated Medium Term Financial Strategy for the period 2021/22 to 2025/26, together with the budget assumptions underlying that Strategy.
Members discussed the uncertainty around the funding basis for Local Authorities moving forward, and highlighted the importance of a Spending Review announcement by the Government in order to provide the Council with as much certainty as possible.
A Member highlighted the need for the Council to approach the financial challenges which it continued to face in an agile way, so that it could adapt as required.
RESOLVED – That the updated Medium Term Financial Strategy for 2021/22 to 2025/26, as detailed within the submitted report, be noted.
(Under the provisions of Council Procedure Rule 16.5, Councillor A Carter required it to be recorded that he abstained from voting on the decisions referred to within this minute)
Publication date: 05/10/2020
Date of decision: 24/09/2020
Decided at meeting: 24/09/2020 - Executive Board
Effective from: 06/10/2020