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, considering
Government funding forecasts for the coming year and potentially
future years.
The key recommendations from this report will help formulate the
2023-24 budget and the 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 to be set, having
considered the recommendations from the Corporate Governance and
Audit Committee.
(4) that the current resources position is noted.
Decision type: Key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 23/03/2022
Decision due: 1 Nov 2022 by Cabinet
Decision due: 22 Nov 2022 by Council
Lead member: Cabinet Member for Finance, Corporate Services and Chichester Contract Services
Contact: Mrs Helen Belenger, Divisional Manager for Financial Services Email: hbelenger@chichester.gov.uk.