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Issue - meetings

Draft Medium Term Financial Strategy 2019/20 - 2023/24

Meeting: 30/10/2018 - Heritage, Culture and Leisure Committee (Item 87)

87 Draft Medium Term Financial Strategy 2019/20 - 2023/24 pdf icon PDF 64 KB

Additional documents:

Minutes:

The Committee considered the report of Mr Mark Green, the Director of Finance and Business Improvement which provided an update on the development of the Medium Term Financial Strategy 2019/20 – 2023/24.

 

Mr Green explained that the Medium Term Financial Strategy set out in financial terms how the Council would fulfil its Strategic Plan over the next five years which was due to be adopted in December at full Council.

 

It was noted that the Council’s budget would be in a balanced position next year assuming that the Council tax is increased by 3%.  However the funding position after 2020 was uncertain due to a lack of clarity from central government.  Therefore financial projections had been prepared covering the five year MTFS period based on three different scenarios - favourable, neutral and adverse.

 

Members were asked to consider and comment on the draft MTFS.  Any changes and comments would be considered by the Policy and Resources Committee in November.

 

Members made the following suggestions:-

 

·  That there should be a clear definition for Environment issues under the responsibilities of all the Service Committees.

·  That any suggested comments should be emailed to the Chairman within the next few days to enable him to present these to Officers for inclusion.

 

RESOLVED:  That Members give consideration on how the Committee’s budget is mapped across the Strategic Plan objectives and provide comments to the Chairman within the next few days.

 

Voting:  Unanimous