The council’s medium term financial strategy has existed in its current format for a number of years.  Although updated annually in line with other strategies it has not been considered for full review since its development.

Cabinet, at its meeting in July 2009, requested a full review of the strategy to ensure that it is in line with currently accepted best practice and fit for the future corporate objectives of the council.

1.  That the draft Medium Term Financial Strategy 2010 onwards attached at Appendix B to the report of the Head of Finance be approved.

2.  That the proposed revised focus of both the Medium Term Financial Strategy and the Budget Strategy in order to assist in the development of medium term efficiency targets and the strategic plan be approved.