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Details

Status:
Implemented
Business Item
Draft Medium Term Financial Strategy
Ref.
ES/0962
Is a Key Decision:
No
Decision Type:
Committee
Decision Maker:
Cabinet
Date of Decision
Tue 7 Dec 2021
Show on Forward Plan
No
Description
Report of the Cabinet Member with responsibility for Resources
Matter for Decision (to consider...)
To approve an updated draft Medium Term Financial Strategy (MTFS), taking account of new and revised risks in order for the Council to set a balanced budget that delivers its priorities for the period under review 2021/22 (revision of the current year budget) to 2025/26.
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Contact for Background Papers:

Brian Mew

Chief Finance Officer

brian.mew@eastsuffolk.gov.uk

Background Papers:
As detailed in the attached report.
Is Decision District Wide
Yes
Decision Made

1. That the draft Medium Term Financial Strategy attached as Appendix A of report ES/0962 be approved.

 

2. That it be approved that Members and officers develop proposals to set a balanced budget for 2022/23 and beyond.

Reason for Decision
To approve an updated draft Medium Term Financial Strategy, taking account of new and revised risks in order that the Council will be able to set a balanced budget that delivers its priorities for the period under review 2021/22 (revision of the current year budget) to 2025/26.
Alternative Options Considered and Rejected
Setting a balanced budget for the coming year is a statutory requirement, therefore no other options were considered appropriate.
Any Declarations of Interest Declared
None.
Any Dispensation Granted
None.

Decision Criteria

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Wards

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Topics

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Overview and Scrutiny

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Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
12
 Page 2 of 2, items 11 to 13 of 13.
20/12/2021 09:55:39Maxine GreenStatus ChangedImplemented [7]
30/12/2021 10:56:03Karen CookStatus ChangedImplemented [7]
02/02/2022 11:08:34Maxine GreenStatus ChangedImplemented [7]

Approval/Comments

No history found.