Decision details

The Resources Portfolio Holder and Corporate Director Resources submitted a report asking Cabinet to consider the council’s Medium Term Financial Plan for the financial years 2021/22 to 2025/26.

Decisions

Cabinet

·         considered the Medium Term Financial Plan and the consequential action required in order to address the issues resulting from the five year Financial Forecast (current year plus four years),

·         noted the revised expenditure projections incorporating the slippage from 2020/21, and the resulting impact on the level of the council’s Reserves and Balances at 31 March 202 and

·         agreed the top-up and use of all Reserves and Balances as indicated in Appendix 3 to the Medium Term Financial Plan.