Decision details
A Financial Framework for the 2021/22 MTFS and Managing the Covid-19 Financial Impact
PDF 92 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The report proposes a framework and approach
for the refresh of the 2021/22 MTFS alongside financial impact of
our immediate response to Covid-19 and delivering on the
Authority’s ambition to invest in recovery.
Decision:
That Cabinet:
1) Notes the emerging financial position within which the 2020/21 budget and 2020-25 Medium Term Financial Strategy will be developed;
2) Agrees the approach to the funding of the financial impact of Covid-19 in 2020/21 as set out in paragraph 3.4;
3) Agrees the proposals for the refresh of the 2021/22 MTFS and Capital Strategy, as set out in Sections 4 and 5;
4) Notes the requirement for the Authority to set a sustainable balanced budget which shows how income will equal spend over the short- and medium-term; and
5) Approves the timetable for agreeing the 2021/22 budget.
Report author: Virginia Rennie
Publication date: 09/07/2020
Date of decision: 09/07/2020
Decided at meeting: 09/07/2020 - Cabinet
Effective from: 18/07/2020
Accompanying Documents: