Issue - meetings
Medium Term Financial Strategy 20/21 to 22/24
Meeting: 16/10/2019 - Cabinet (Item 29)
29 Medium Term Financial Strategy 2020/21 to 2023/24
The Medium Term Financial Strategy (MTFS) is the Council’s key financial planning document. It puts the financial perspective on the council’s Corporate Plan priorities, expressing the aims and objectives of various plans and strategies in financial terms over the four year period ending 31st March 2024. It covers both revenue and capital for the General Fund and the Housing Revenue Account. Also included are the Council’s reserves policies. The MTFS is a key element of sound corporate governance and financial management.
Supporting documents:
- MTFS Cabinet Report October 2018, item 29
PDF 233 KB
- MTFS document 2020-21 v2, item 29
PDF 296 KB
- MTFS Appendix 1 2019, item 29
PDF 233 KB
- MTFS Reserves Policy 2019 - Appendix 2 Updated, item 29
PDF 219 KB
- Webcast for Medium Term Financial Strategy 2020/21 to 2023/24
Minutes:
The Medium Term Financial Strategy (MTFS) is the Council’s key financial planning document. It puts the financial perspective on the council’s Corporate Plan priorities, expressing the aims and objectives of various plans and strategies in financial terms over the four year period ending 31st March 2024. It covers both revenue and capital for the General Fund and the Housing Revenue Account. Also included are the Council’s reserves policies. The MTFS is a key element of sound corporate governance and financial management.
The report had also been considered by the Overview and Scrutiny Committee at their meeting held on 15 October 2019. Their comments had been circulated to Cabinet members at the meeting.
Proposed by Councillor Monk,
Seconded by Councillor Mrs Hollingsbee; and
RESOLVED:
1. That report C/19/26 be received and noted.
2. That Cabinet recommend to Full Council that the Medium Term Financial Strategy, as appended to this report, be adopted.
(Voting figures: 5 for, 0 against, 0 abstentions).
REASONS FOR DECISION:
Cabinet was asked to agree the recommendations because:-
(a) The MTFS is the council’s key financial planning document.
(b) The strategy defines the financial resources needed to deliver the council’s corporate objectives and priorities and covers the financial implications of other key strategies.
(c) The council needs to be able to carry out an early assessment of the financial implications of its approved policies and strategies and also external financial pressures facing the authority to ensure that it has robust budgeting and remains financially viable.