The Resources Portfolio Holder and the Head of Finance submitted a report asking Cabinet to consider the Council’s Medium Term Financial Plan for the financial years 2019/20 to 2023/24.
Decision taken
Cabinet considered the Medium Term Financial Plan and the consequential action required in order to address the issues resulting from the five year (current year plus four years) financial forecast, noted the revised expenditure projections incorporating the slippage from 2018/19, and the resulting impact on the level of the Council’s Reserves and Balances at 31st March 2019 and agreed the top-up and use of all Reserves and Balances as indicated in Appendix 3 to the Medium Term Financial Plan.