RESOLVED that Cabinet: -
(a) approved the budget planning process as referenced in paragraph 26;
(b) approved the timeline for key financial reports during 2021/22 as set out in appendix A;
(c) approved the financial strategy as referenced in paragraphs 18 to 23 and as set out in appendix B;
(d) approved the allocation of a further £240k to support the Councils response to the climate change and ecological emergency as referenced in paragraph 25; and
(e) noted the updated MTFP position and the key financial planning assumptions as set out in appendix C.
Portfolio Holder: Leader of the Council
To comply with accounting codes of practice and best practice which require councils to have a rolling multi-year medium term financial plan.
To provide Cabinet with the latest high-level overview of the medium-term financial plan.
To present a proposed financial strategy to support the delivery of a balanced budget for 2021/22.