Decision details

Report of the Director of Finance, Assets and Resources outlining the Medium Term Financial Plan with regard to the General Fund.

The Cabinet had before it a * report of the Director of Finance, Assets and Resources producing an updated Medium Term Financial Plan (MTFP) which took into account the Council’s key strategies (i.e. The Corporate Plan, Service Plans, Treasury Management Plan, Asset Management Plan, Work Force Plan and Capital Strategy) and demonstrated that it has the financial resources to deliver the Corporate Plan.

The Cabinet Member for Finance outlined the contents of the report stating that the main purpose of the MTFP was to show how the Council would strategically manage its finances over the next five years in order to support the delivery of the objectives detailed in the Corporate Plan.  The plan also identified any gaps so strategic decisions could be made of levels of future funding.  He highlighted the uncertainties identified in the report and voiced his concerns regarding the growth in inflation post Brexit.

RESOLVED that the updated Medium Term Financial Plan be approved and  that the proposals for managing costs and revenues be endorsed.

(Proposed by Cllr P H D Hare-Scott and seconded by Cllr C R Slade)

Note:   *Report previously circulated, copy attached to minutes.