Issue - meetings

REPORT OF THE SERVICE DIRECTOR - RESOURCES

RESOLVED: That Full Council adopts the Medium Term Financial Strategy 2023-28 as attached at Appendix A

REASON FOR DECISION: Adoption of an MTFS and communication of its contents will assist in the process of forward planning and the use of Council resources and in budget setting for 2023/2024 to 2027/2028, culminating in the setting of the Council Tax precept for 2023/24 in February 2023. This will (alongside the Council Plan) support the Council in setting a budget that is affordable and aligned to Council priorities.

Audio Recording: 33:25

Councillor Ian Albert, Executive Member for Finance & IT presented the report and referral 8(b) from Cabinet entitled Medium Term Financial Strategy and highlighted the following key points:

·        Appendix A sets out the impacts of COVID and the calculations of when the budget will return to pre Covid-19 levels; setting aside an amount in 23/24 to continue that recovery;

·        Short stay car-park & leisure income is coming back to pre-covid levels but long-stay and season tickets are not;

·        Parking and garden waste charges are forecasted to increase by 2% per year.

Councillor Ian Albert proposed and Councillor Elizabeth Dennis-Harburg seconded.

The following Members took part in the debate:

·        Councillor Richard Thake

·        Councillor Tony Hunter

·        Councillor David Levett

·        Councillor Ruth Brown

·        Councillor Adam Compton

·        Councillor Elizabeth Dennis-Harburg

·        Councillor Alistair Willoughby

·        Councillor Claire Strong

·        Councillor Steve Jarvis

·        Councillor Keith Hoskins

·        Councillor Nigel Mason

·        Councillor Ralph Muncer

·        Councillor Tom Plater

·        Councillor Judi Billing

·        Councillor Sam Collins

·        Councillor Ian Albert

Following the vote it was:

RESOLVED: That Full Council adopts the Medium Term Financial Strategy 2023-28 as attached at Appendix A

REASON FOR DECISION: Adoption of an MTFS and communication of its contents will assist in the process of forward planning and the use of Council resources and in budget setting for 2023/2024 to 2027/2028, culminating in the setting of the Council Tax precept for 2023/24 in February 2023. This will (alongside the Council Plan) support the Council in setting a budget that is affordable and aligned to Council priorities.