Issue - meetings

Medium Term Financial Update

Meeting: 06/12/2018 - The Executive (Item 36)

36 Updated Medium Term Financial Plan 2019/20 to 2022/23 pdf icon PDF 84 KB

Additional documents:

Minutes:

The report presented the Council’s updated Medium Term Financial Plan, which gave the Council’s priorities in the context of the likely resources available and provided a financial context to future decision-making. The report was considered by the Corporate Select Committee on 26 November 2018.

 

Options considered:

 

There were no options to consider at this stage. Options would be need to be developed in order to close the financial deficits highlighted in the updated plan.

 

RESOLVED:

 

That the Executive recommends the updated Medium Term Financial Plan (Appendix A to the report) to Council for approval.


Meeting: 26/11/2018 - Corporate Select Committee (Item 31)

31 Updated Medium Term Financial Plan 2019/20 to 2022/23 pdf icon PDF 85 KB

Additional documents:

Minutes:

The Committee considered the Council’s updated Medium Term Financial Plan (MTPF), which presented the Council’s priorities in the context of the likely resources available, and provides a financial context to future decision making.

 

It was noted that at paragraph 3.6 of the report, a small deficit was now forecast at the end of 2022/23 and there was a projected reduction of the use of reserves.  Key dates included the publication of the government’s proposals for 2019/20 in December and possible changes to the New Homes Bonus and Fair Funding arrangements.

 

RESOLVED:

 

That the updated Medium Term Financial Plan (Appendix A to the report) be endorsed and recommended to the Executive for approval.