Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
This report presents an initial review of the
Medium Term Financial Strategy and updates it for development as
part of the business planning process for 2019/20.
RESOLVED:
1. That the rolled forward MTFS for 2019 – 23 be noted.
2. That the latest position with regards to savings already in the MTFS be confirmed.
3. That the approach to setting a balanced budget using the unmet balance of last year’s savings targets as the basis for the setting of targets for 2019-23 be agreed.
4. That the proposed savings targets be agreed.
5. That the timetable for the Business Plan 2019-23 including the revenue budget 2019/20, the MTFS 2019-23 and the Capital Programme for 2019-23 be agreed.
6. That the process for the Service Plan 2019-23 and the progress made so far be noted.
7. That the information regarding the London Business Rates Pool - Strategic Investment Pot set out in Appendix 3 be noted and authority be delegated for future action regarding the London Business Rates Pool to the Director of Corporate Services in collaboration with the Deputy Leader and Cabinet Member for Finance.
Report author: Andrew Wood
Publication date: 19/09/2018
Date of decision: 17/09/2018
Decided at meeting: 17/09/2018 - Cabinet
Effective from: 25/09/2018
Accompanying Documents: