Issue - meetings
Medium Term Financial Strategy 2019/20 to 2022/23
Meeting: 17/10/2018 - Cabinet (Item 35)
35 Medium Term Financial Strategy 2019/20 to 2022/23
The Medium Term Financial Strategy (MTFS) is the Council’s key financial planning document. It puts the financial perspective on the council’s Corporate Plan priorities, expressing the aims and objectives of various plans and strategies in financial terms over the four year period ending 31st March 2023. It covers both revenue and capital for the General Fund and the Housing Revenue Account. Also included are the Council’s reserves policies. The MTFS is a key element of sound corporate governance and financial management.
Supporting documents:
- MTFS Cabinet Report October 2018, item 35
PDF 239 KB
- MTFS document 2019-20 - draft v1, item 35
PDF 298 KB
- Copy of Appendix 1 MTFS, item 35
PDF 22 KB
- MTFS Reserves Policy 2018 - Appendix 2 Updated - new, item 35
PDF 235 KB
- Webcast for Medium Term Financial Strategy 2019/20 to 2022/23
Minutes:
The Medium Term Financial Strategy (MTFS) is the Council’s key financial planning document. It puts the financial perspective on the council’s Corporate Plan priorities, expressing the aims and objectives of various plans and strategies in financial terms over the four year period ending 31st March 2023. It covered both revenue and capital for the General Fund and the Housing Revenue Account. Also included were the Council’s reserves policies. The MTFS is a key element of sound corporate governance and financial management.
The report had also been considered by the Overview and Scrutiny Committee at their meeting on 16 October 2018. The minutes of their meeting had been circulated to Cabinet Members prior to the meeting.
Proposed by Councillor Monk,
Seconded by Councillor Ewart-James; and
RESOLVED:
1. That Report C/18/36 be received and noted.
2. That it be recommended to Full Council that the Medium Term Financial Strategy, as appended to the report, be adopted.
(Voting figures: 5 for, 0 against, 0 abstentions).
REASONS FOR DECISION:
(a) The MTFS is the council’s key financial planning document.
(b) The strategy defines the financial resources needed to deliver the council’s corporate objectives and priorities and covers the financial implications of other key strategies.
(c) The council needs to be able to carry out an early assessment of the financial implications of its approved policies and strategies and also external financial pressures facing the authority to ensure that it has robust budgeting and remains financially viable.