Purpose

To consider the report of the Cabinet Member
for Finance and Corporate Services detailing an update on the
Medium Term Financial Strategy.

Decision

(i) 
Note the updated medium term financial forecast as
set out in Appendix 1.

(ii) 
Approve indicative cash limits as a planning guide,
recognising these may be refined and updated during the budget
process, as set out in paragraph 70 of Appendix 1.

(iii) 
Agree the next steps to developing the MTFS and
creating a balanced budget, including the development of service
business plans to enable Directorates to manage within the cash
limit targets.