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
2024-25 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: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 19/05/2023
Decision due: 28 Nov 2023 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.