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 future Government funding,
whilst awaiting the outcome of the 2019 Spending Review, Fair
Funding Review and the Localisation of Business Rates Retention
The key recommendations from this report will help formulate the 2020-21 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.
Key issue – yes
(Recommendation from Corporate Governance and Audit Committee)
Decision type: Non-key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 26/03/2019
Decision due: 3 Dec 2019 by Cabinet
Lead member: Cabinet Member for Finance, Growth, Place and Regeneration
Contact: Mrs Helen Belenger, Divisional Manager for Financial Services Email: firstname.lastname@example.org.