RESOLVED:

1. That Cabinet noted the financial information arising from the Provisional Settlement 2019/20 and that the financial implications will be incorporated into the draft MTFS 2019-23 and draft capital programme 2019-23.

2. That Cabinet noted the latest update of the draft MTFS for 2019 – 23

The Deputy Leader and Cabinet Member for Finance presented the report and thanked officers for their work, noting that the estimates about the budget gap had been correct with a gap of £20million and that recommendations for addressing half of that figure had been suggested so far. The situation was being monitored and scrutiny were currently providing feedback on the proposed savings.

The Chair echoed the points raised and advised that financial strategies were in place however there were difficult decisions being made.

RESOLVED:

1. That Cabinet noted the financial information arising from the Provisional Settlement 2019/20 and that the financial implications will be incorporated into the draft MTFS 2019-23 and draft capital programme 2019-23.

2. That Cabinet noted the latest update of the draft MTFS for 2019 – 23