Issue - meetings

REPORT OF THE SERVICE DIRECTOR – RESOURCES

To consider the  Medium Term Financial Strategy 2020/25.

The Service Director – Resources presented the report entitled Medium term Financial Strategy 2020-25 together with the following appendix:

·                Appendix A- Medium Term Financial Strategy 2020-25.

The following Members asked questions and took part in the debate:

·                Councillor Kate Aspinwall;

·                Councillor Steve Jarvis;

·                Councillor Sam North;

Members queried how the Commercialisation Strategy interacted with the Medium Term Financial Strategy and asked what estimates had been made regarding growth.

The Service Director- Resources advised that he expected these would form part of detailed budget setting.

Members suggested that the MTFS should contain a comment that it did not take account of any potential impacts of Brexit.

In response to a question about how the MTFS reflected housing growth, the Service Director – Resources advised that currently there was an assumption of one percent growth in Council Tax Base.

RECOMMENDED TO CABINET:

(1)       That Cabinet ask the Service Director – Resources to update the MTFS to show that it did not take account of any potential impacts of Brexit;

(2)       That Cabinet recommends to Full Council the adoption of the Medium Term Financial Strategy 2020-25 as attached at Appendix A.

REASON FOR RECOMMENDATIONS: To enable the Finance, Audit and Risk Committee to consider the report entitled Medium Term Financial Strategy prior to consideration by Cabinet.

Audio Recording – 1 hour 35 minutes 5 seconds

The Service Director – Resources presented the report entitled Medium term Financial Strategy 2020-25 together with the following appendix:

·               Appendix A- Medium Term Financial Strategy 2020-25.

The following Members asked questions and took part in the debate:

·               Councillor Kate Aspinwall;

·               Councillor Steve Jarvis;

·               Councillor Sam North.

Members queried how the Commercialisation Strategy interacted with the Medium Term Financial Strategy and asked what estimates had been made regarding growth.

The Service Director- Resources advised that he expected these would form part of detailed budget setting.

Members suggested that the MTFS should contain a comment that it did not take account of any potential impacts of Brexit.

In response to a question about how the MTFS reflected housing growth, the Service Director – Resources advised that currently there was an assumption of one percent growth in Council Tax Base.

RECOMMENDED TO CABINET:

(1)       That Cabinet ask the Service Director – Resources to update the MTFS to show that it did not take account of any potential impacts of Brexit;

(2)       That Cabinet recommends to Full Council the adoption of the Medium Term Financial Strategy 2020-25 as attached at Appendix A.

REASON FOR RECOMMENDATIONS: To enable the Finance, Audit and Risk Committee to consider the report entitled Medium Term Financial Strategy prior to consideration by Cabinet.