Agenda item - Update Reports on the 2021 Budget and Medium Term Financial Strategy (MTFS)

Agenda item

Update Reports on the 2021 Budget and Medium Term Financial Strategy (MTFS)

Report and appendices attached.

Decision:

Cabinet:

 

1.               Noted the financial context.

2.               Agreed the proposed consultation process and associated timetable as set out in section 1.6.

3.               Will Recommend to Full Council that additional capital budget is added into the 2019/20 Capital Programme of £4 million to fund the Smart Working Programme, with the revenue costs of the capital funding to be met by the income raised through renting out spare office capacity freed up by the programme.

4.               Will Recommend to Full Council that £14.7 million is added into the 2019/20 Capital Programme to replenish the capital allocation for new opportunities with capital charges funded from the business cases

Minutes:

The report presented to Cabinet updates members on the MTFS between 2020/2021 and 2023/24 that will be developed to deliver the Council’s objectives, priorities and vision.

 

Cabinet:

 

1.            Noted the financial context.

2.            Agreed the proposed consultation process and associated timetable as set out in section 1.6.

3.            Will Recommend to Full Council that additional capital budget is added into the 2019/20 Capital Programme of £4 million to fund the Smart Working Programme, with the revenue costs of the capital funding to be met by the income raised through renting out spare office capacity freed up by the programme.

4.            Will Recommend to Full Council that £14.7 million is added into the 2019/20 Capital Programme to replenish the capital allocation for new opportunities with capital charges funded from the business cases

Supporting documents: