Issue - meetings
2019 - 2024 Medium Term Financial Strategy
Meeting: 05/02/2019 - Cabinet (Item 84)
84 2019 - 2024 Medium Term Financial Strategy PDF 237 KB
Report of the Strategic Director of Housing and Customer Services
Presented by the Corporate Portfolio Holder
Additional documents:
Minutes:
The Corporate Portfolio Holder presented the report to members. He advised that the assumptions made had been reassessed following the provisional Local Government Finance Settlement announcement and final budget changes. He explained that the revisions to the General Fund had resulted in an adverse movement in the 5 year savings target, moving it from £4.6m over the period to £5.2m.
In response to comments from Councillor R Blunt, the Section 151 Officer advised that the predicted debt requirement in future years was as a result of the potential risks and assumptions being made going forward relating to the government spending review.
It was moved by Councillor N J Rushton, seconded by Councillor R Blunt and
RESOLVED THAT:
The Medium Term Financial Strategy be approved.
Reason for decision: To keep members up to date in respect of the council’s financial projections.