Issue - meetings

Report No: CAB/WS/19/046

Portfolio Holder: Cllr Sarah Broughton       Lead Officer: Rachael Mann

RECOMMENDED TO COUNCIL: (17 December 2019)

That the West Suffolk Medium Term Financial Strategy, contained at Appendix A to Report No: CAB/WS/19/046, as its strategic financial framework from 1 April 2020, be adopted.

(Report No: CAB/WS/19/046)

The Cabinet considered this report which set out the Medium Term Financial Strategy (MTFS) context against which the 2020-2021 budget and medium term financial plans 2020-2024 were proposed to be developed between now and the formal Council Tax and budget adoption meeting of the Council in February 2020.

The MTFS 2020-2024 assessed and evaluated the final resources expected to have and the expenditure in order to deliver the Council’s strategic priorities as set out in the Council’s West Suffolk Strategic Framework (which would now be due for adoption in January/February 2020). 

As part of good financial planning the West Suffolk Council in February 2020, would be asked to set a balanced budget for 2020-21 (its statutory obligation) alongside a medium term financial plan for the period 2021-2024.

Officers explained that this report had made reference to the West Suffolk Strategic Framework 2020-2024 (Report No: CAB/WS/19/040), which had been deferred earlier in the Cabinet meeting.  However, the Cabinet noted that this deferral did not impinge on the approval of the West Suffolk Medium Term Financial Strategy 2020-2024 document.

          RECOMMENDED TO COUNCIL: (17 December 2019)

That the West Suffolk Medium Term Financial Strategy, contained at Appendix A to Report No: CAB/WS/19/046, as its strategic financial framework from 1 April 2020, be adopted.