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Decision details

Medium Term Financial Strategy 2019/20 to 2021/22 - Tranche Three - FEB19/CAB/84

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No


Cabinet considered the report and RESOLVED to approve:


1.    The Tranche Three service proposals, outlined in Appendix H to the report as the basis for public consultation.

2.    The updated budget assumptions, to be incorporated within the Medium Term Financial Strategy (MTFS) 2019/20- 2021/22. These were outlined in section 5.1 of the report.

3.    The revised capital programme approach outlined in section 5.11 and the capital schemes outlined in Appendix G to the report.

4.    The Medium Term Financial Strategy 2019/20-2021/22-Tranche Three, as set out in the body of the report and the following appendices:

·         Appendix A – 2019/20-2021/22 MTFS Detailed Budget Position-Tranche Three

·         Appendix B Budget Proposals- Tranche One, Two and Three.

·         Appendix C – Council Tax Information

·         Appendix D – Grant Register

·         Appendix E – Fees and Charges

·         Appendix F Performance Data

·         Appendix G Capital Programme Schemes 2019/20- 2023/24

·         Appendix H – Budget Consultation Document, including Tranche Three Budget Proposal detail

·         Appendix I  – Savings RAG Rating

·         Appendix J –  Equality Impact Assessments

·         Appendix K – Treasury Management Strategy

·         Appendix L –  Capital Strategy

·         Appendix M – Asset Management Plan

·         Appendix N – Investment Acquisition Strategy


Cabinet RESOLVED to note:

5.    The statutory advice of the Chief Finance Officer outlined in section 6 of the report, The Robustness Statement. This was required to highlight the robustness of budget estimates and the adequacy of the reserves.

6.    All the grant figures following the Local Government Provisional Finance Settlement, published on 13 December 2018 outlined in section 4.4 of the report.

7.    The future strategic direction for the Council outlined in section 5.10 of the report.

Reasons for the decision:

The Council must set a lawful and balanced budget. The approach outlined in this report work towards this requirement.

Alternative options considered:

No alternative option has been considered as the Cabinet is responsible under the constitution for initiating budget proposals and the Council is statutorily obliged to set a lawful and balanced budget by 11 March annually.

Interests and Nature of Interests Declared:


Background Documents:


Publication date: 04/02/2019

Date of decision: 04/02/2019

Decided at meeting: 04/02/2019 - Cabinet

Accompanying Documents: