Issue details

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 for the coming year and potentially future years.

The key recommendations from this report will help formulate the 2021-22 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