Decision details

Update on the Council's Medium Term Financial Strategy 2019-2020

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


Cabinet will be asked to:

·       Agree the updated MTFS and proposals for balancing the 2018/19 budgets.

·       Agree the schedule of savings proposals recommended for progression for implementation in 2019/20 and future years

·       Agree financial decisions required as set out in the report to balance the 2019/20 budget


There will also be a separate report to consider and approve changes to the Council Tax Support Scheme for 2019 that may generate an additional estimated income of £597,000 in Council Tax.





·       Noted the updated national financial context for local government, in year financial performance and the projected budget gap over the period 2019/20 to 2022/23 as set out in sections 1 and 2 of the report and the period 6 (September 2018) and of year forecast position set out in section 3.


·       Noted the assumptions which underpin the forecast.


·       Approved savings proposals for 2019/20 of £8.702m as set out in section 4 and Appendices B (£0.770m), C (£3.156m) and D (£4.776m), having considered the consultation feedback set out in Appendices E and F.


·       Approved the launch of consultation on the measures included in the Improving Traffic Flows project as set out in Appendix D.


·       Approved thegrowth proposal for 2019/20 of £1 million to fund the revenue costs of the £10 million capital investment in the Highways Investment Programme for 2019/20, as set out in section 4, having considered the consultation feedback set out in Appendices E and F.


·       Approved the updated 5 year Capital Programme in Section 6 for recommendation onto full Council for agreement in January 2019.


·       Noted the timetable and process for developing, reporting and considering the 2019/20 budget and MTFS as set out in section 7.



Report author: Richard Tyler

Publication date: 06/12/2018

Date of decision: 29/11/2018

Decided at meeting: 29/11/2018 - Cabinet

Accompanying Documents: