Issue - meetings

Report of the Strategic Director, Corporate Resources

Consideration was given to the Medium Term Financial Strategy 2020/21 – 2024/25.

COUNCIL RESOLVED          -           (i)         That the Medium Term Financial

Strategy for 2020/21 to 2024/25, including the proposed MTFS principles, be approved.

                                                            (ii)        That the outcome of the reserves review

of both general fund and strategic earmarked Council reserves be noted and that the creation of four strategic reserves at the financial levels outlined in the report be approved.

                                                            (iii)       That the Strategic Director, Corporate

Resources, following consultation with the Chief Executive, will continue to produce and monitor on an annual basis, a rolling programme of five-year budget forecasts taking account of the key issues facing the Council.

                                                            (iv)       That the Strategic Director, Corporate

Resources, following consultation with the Chief Executive, will continue to keep under review and update the MTFS as appropriate to respond to Government policy and funding announcements.

Report of the Strategic Director, Corporate Resources

Consideration has been given to the Medium Term Financial Strategy (MTFS) 2020/21 to 2024/25 and the outcome of a review of Council Reserves.

The above decisions have been made for the following reasons:

(A)       To contribute to the good financial management           practice of the Council.

(A)       To assist the financial sustainability of the Council       over the medium to long term.