Decision details

Medium Term Financial Strategy (Revenue and Capital) 2019-24

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To note the progress on the development of the Medium Term Financial Strategy.

To approve the commencement of the Budget Consultation Exercise for 2020/21 to comply with the statutory requirement.

Decision:

The Cabinet:

 

1.1       Noted the budget timetable for the preparation and approval of the Medium Term Financial Strategy (MTFS).

 

1.2       Considered the latest MTFS projections and the potential impact of the Spending Round 2019 predominantly on the 2020/21 Revenue Budget.

 

1.3       Recommended to Council the budget assumptions and the budget principles for the Medium Term Financial Strategy.

 

1.4       Delegated authority to the Council’s Chief Executive and Section 151 Officer (in consultation with the Leader and the Cabinet Member for Finance and Procurement) to formalise Lichfield District Council’s sign-off for either a Business Rate Pilot or a Business Rate Pool for 2020/21 depending on Government announcements.

 

Report author: Anthony Thomas

Publication date: 09/10/2019

Date of decision: 08/10/2019

Decided at meeting: 08/10/2019 - Cabinet

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