RESOLVED that:-
(a) the budget planning process as referenced in paragraph 15 be approved;
(b) the timeline for key financial reports during 2019/20 as set out in Appendix A of the report be approved;
(c) the financial strategy as referenced in paragraphs 28 to 31 and as set out in Appendix C of the report be approved;
(d) the updated MTFP position and the key financial planning assumptions as set out in Appendix B of the report be noted; and
(e) the CIPFA Financial Management Code of Practice be noted.
Voting: Unanimous
REASONS
1. To comply with accounting codes of practice and best practice which requires Councils to have a rolling multi-year medium term financial plan.
2. To ensure Members prepare to set a balanced budget for 2020/21.
3. To provide Cabinet with the latest high level overview of the medium term financial plan position for Bournemouth, Christchurch and Poole Council.
4. To present a proposed financial strategy to support the delivery of a balanced budget for 2020/21.