Decision details

Budget and Medium Term Financial Strategy update

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RESOLVED

 

To note the changes in the Council’s financial position in 2021/22 and the medium-term.

 

REASON

 

The Council needs to acknowledge the effects of the local situation occasioned by the COVID-19 pandemic and the continued impact this is having on its financial position both in the short and medium-term. This has moved the Council from what has been a long-term healthy financial position to one with predicted deficits.  However, given the level of uncertainty in the projections, the economy and proposed Government action the report does not recommend direct action to reduce expenditure at this stage.

Report author: Jane Eaton

Publication date: 24/09/2021

Date of decision: 23/09/2021

Decided at meeting: 23/09/2021 - Cabinet

Accompanying Documents: