The Resources Portfolio Holder and the Corporate Director Resources (s.151 Officer) submitted a report asking Cabinet to consider the council’s Medium Term Financial Plan for the financial years 2020/21 to 2024/25.
Decision
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 2019/20 and the resulting impact on the level of the council’s Reserves and Balances at 31 March 2020 and
· agreed the top-up and use of all Reserves and Balances, as indicated in Appendix 3 of the report, to the Medium Term Financial Plan.