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Details
Title:
Draft Medium Term Financial Strategy
Details:
Report of the Cabinet Member with responsibility for Resources
Implementation Date (not before):
Tue 1 Dec 2020
Implementation Date Notes:
1. That the draft Medium Term Financial Strategy attached as Appendix A be approved.
2. That it be approved that Members and officers develop proposals to set a balanced budget for 2021/22 and beyond.
3. That it be approved that Members and officers develop proposals to continue the support and response to the Covid-19 pandemic.
4. That the draft Capital Programme as set out in Appendix A5 be noted.
Department:
Financial Services, Corporate Performance & Risk Management
Include Item on Forward Plan:
No
Estimated Cost:
Not Applicable
Background Papers:
Various Government funding packages to support the impact and response to Covid-19
Budget Working papers
Is the Decision Maker Aware of the Decision:
Yes
Is the Head of Services Aware of the Decision:
Yes
Is Decision County Wide:
Yes
Would the recommended decision be contrary to the budget and policy framework:
No
Budget Provision:
1. 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 2020/21 (revision of the current year budget) to 2024/25.
2. A freeze on the district element of Council Tax in 2021/22, subject to further evaluation and analysis, has been recommended to reflect the financial impact of the Covid-19 pandemic on East Suffolk residents.
Documents to be Given to Decision Maker:
1. The consideration of the Medium Term Financial Strategy by Members at an early stage of the budget process was essential, especially in order to commence actions to achieve a balanced budget and sustainable medium-term position. Report ES/0573 also updated the Cabinet on the financial impact and response to the current pandemic.
2. Consequently, no other options were considered to be appropriate in respect of this.
Decision Proposed:
1. That the draft Medium Term Financial Strategy attached as Appendix A of report ES/0573 be approved.
2. That it be approved that Members and officers develop proposals to set a balanced budget for 2021/22 and beyond, including a recommended freeze on the district element of Council Tax in 2021/22 subject to further evaluation and analysis.
3. That it be approved that Members and officers develop proposals to continue the support and response to the Covid-19 pandemic.
4. That the draft Capital Programme as set out in Appendix A5 of report ES/0573 be noted.
Decision Conclusion:
None
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 19/11/2020 10:05:33 | Matt Makin | Business Item Created | |
| 19/11/2020 10:05:33 | Matt Makin | Committee Added | Cabinet |
| 19/11/2020 10:05:33 | Matt Makin | Meeting Added | 01/12/2020 6:30PM |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Aldeburgh and Leiston |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Beccles and Worlingham |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Bungay and Wainford |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Carlford and Fynn Valley |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Carlton and Whitton |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Carlton Colville |
| 19/11/2020 10:06:05 | Matt Makin | Ward Added | Deben |
Approval/Comments
No history found.