Issue details

Financial Strategy and Plan 2019-2020

The purpose of the report is to update the Council’s medium term financial strategy and action plan to help guide the management of the Council’s finances having signed up to the government’s four year settlement in the previous year, and to build upon the work already achieved in the deficit reduction plan in previous years.

The key recommendations from this report will help formulate the 2019-20 budget, and level of Council Tax.

Cabinet is asked to recommend to Council the following;
(1) The key financial principles and actions of the five year financial strategy
(2) That the current five year Financial Model is noted
(3) That a minimum level of general fund reserves be set, having considered the recommendations from the Corporate Governance and Audit Committee
(4) That the current resources position is noted.

Decision type: Non-key

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 29/05/2018

Decision due: 4 Dec 2018 by Cabinet

Lead member: Cabinet Member for Corporate Services

Contact: Mrs Helen Belenger, Divisional Manager for Financial Services Email: hbelenger@chichester.gov.uk.

Decisions

Agenda items