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Decision details

Medium Term Financial Plan and Capital Strategy

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the Medium Term Financial Plan (MTFP) and Capital Strategy for 2021/2022.

 

Decision:

Cabinet noted:

  1. The economic outlook and projections within the 5-year MTFP;
  2. The strategic planning assumptions;
  3. The creation of the Covid Funding Reserve to retain transparency of the government funding and its deployment over the medium term.

Cabinet recommended to Council for approval:

  1. The Medium Term Financial Strategy for the period 2021/22 to 2025/26 (Appendix A1), which includes the strategy for balancing the budget as set out in the report.
  2. The Capital Strategy for the period 2021/22 to 2025/26 (Appendix A2).

 

Report author: Michael Pilcher

Publication date: 06/10/2020

Date of decision: 06/10/2020

Decided at meeting: 06/10/2020 - Cabinet

Effective from: 16/10/2020

Accompanying Documents: