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Medium Term Financial Strategy

Meeting: 14/07/2021 - Mayor and Cabinet (Item 509)

509 Medium Term Financial Strategy pdf icon PDF 200 KB

Additional documents:

Decision:

Having considered an open officer report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor

 and Cabinet agreed that

 

(1) the risks with regards to current year financial cuts, Covid and the

uncertainty of future government funding; and the potential for this to impact

negatively on the cuts levels required for 2022/23 be noted;

 

(2) the 2022/23 to 2025/26 Medium Term Financial Strategy (MTFS) and

outline approach being taken to identify cuts proposals required to meet the

remaining estimated budget gap of £26m over the next four years be

approved; and

 

(3) the timetable for bringing forward cuts proposals and building the 2022/23

budget to Council in February/March 2022 be approved.

Minutes:

Having considered an open officer report, and a presentation by the Cabinet

Member for Finance and Resources, Councillor Amanda De Ryk, the Mayor

and Cabinet, for the reasons set out in the report and by a vote of 3-0:

 

RESOLVED that

 

(1) the risks with regards to current year financial cuts, Covid and the

uncertainty of future government funding; and the potential for this to impact

negatively on the cuts levels required for 2022/23 be noted;

 

(2) the 2022/23 to 2025/26 Medium Term Financial Strategy (MTFS) and

outline approach being taken to identify cuts proposals required to meet the

remaining estimated budget gap of £26m over the next four years be

approved; and

 

(3) the timetable for bringing forward cuts proposals and building the 2022/23

budget to Council in February/March 2022 be approved.