Medium Term Financial Strategy Autumn 2023 Update

November 15, 2023 Approved View on council website
Full council record
Content

(1) 
That approval be given to the Medium-Term Financial Strategy and
embedded Medium-Term Financial Plan as an estimate of the
Council’s current financial position as at October 2023
noting that the figures will change as further updating takes
place.

 
(2) 
That the Director of Finance be authorised to commence a period of
consultation regarding the savings opportunities referred to in
Annex 6.
 
(3) 
That the Guiding Principles be approved as a framework for
financial planning for the period of the Medium-Term Financial
Strategy.
 
(4) 
That the Capital Planning Principles be approved to guide the
preparation of the Capital Programme in the years ahead.
 
(5) 
That the planned development of the Transformation Programme to
date and through 2024/25 be noted and approval be given to endorse
the extension of the transformational approach to other services of
the Council.
 
(6) 
That the Budget Timetable be noted.
 
(7) 
That approval be given to submit to the Department for Levelling Up
and Homes and Communities a proposal for the flexible use of
capital receipts in financial year 2023/24 to support
transformation and to delegate the approval of this proposal to the
Portfolio Holder for Finance and Interim Director of Finance
together with the Assistant Chief Executive and the Monitoring
Officer.
 
(8) 
That the Council be recommended to approve the Autumn 2023 update
of the Medium-Term Financial Strategy at its next meeting

Supporting Documents

05 - Medium-Term Financial Strategy Autumn 2023 Update.pdf
05a - MTFS 021123 CIRCULATION inc Annexes.pdf 9.pdf

Details

OutcomeRecommendations Approved
Decision date15 Nov 2023
Subject to call-inYes