Decision Maker: Council
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
To consider the draft Medium Term Financial
Plan 2021/22 - 2026/27
Councillor Andrew Jarvis, Deputy Leader and Finance and Assets Portfolio Holder, provided a highly detailed presentation on the draft Medium Term Financial Plan. The Plan was a key element of the Council’s corporate planning framework to ensure that the Council had sufficient financial resources in the short to medium-term to deliver its statutory responsibilities and its Council Plan priorities.
Due to the impact of Covid-19, the report included high-level projections based on the information as at early July 2021. The projections would be regularly reviewed and reported during the 2022/23 budget preparation process. The Council was required by statute to set a balanced budget in February/March 2022.
The Plan ensured that the Council had a sound basis for allocating resources and effective financial management over the medium term.
The report had been through Cabinet on 21 July 2021 and had been recommended to Council for approval.
Councillor Jarvis drew attention to the actions that the Council had already taken to cut costs with the Customer Connect Programme which left the Council in a very strong financial position for the next few years and he thanked officers for their work. He moved the recommendation contained within the report and was seconded by Councillor Dyan Jones, Climate Action and Biodiversity Portfolio Holder.
It was unanimously
RESOLVED – That the following be approved:-
(1) the draft Medium Term Financial Plan as attached at Appendix 1 to the report;
(2) the request for £250,000 to fund work associated with Local Government Reorganisation; and
(3) the budgets of £217,000 associated with the Welcome Back Fund.
Report author: Claire Read
Publication date: 13/08/2021
Date of decision: 27/07/2021
Decided at meeting: 27/07/2021 - Council