Decision details

Financial outlook update report

Decision Maker: Cabinet

Decision status: Information Only

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To present Cabinet with the financial outlook report for the year ahead.

Decision:

That Cabinet noted

1. The updated financial outlook showing a potential deficit of each year over the next five years.

2. The timeline for developing and approving the Medium Term Financial Plan, Capital Strategy and 2023/24 Budget.

3. Noted the three-year Government settlement was prior to the high inflation rates and consider whether there is any merit in raising the awareness with Government of the additional pressure and requirement for growth for the final 2 years.

 

Report author: Denise Murray

Publication date: 12/07/2022

Date of decision: 12/07/2022

Decided at meeting: 12/07/2022 - Cabinet

Accompanying Documents: