Issue - meetings

Consideration was given to the report of the Chief Officer Resources which was presented to Members to gain approval of the Medium Term Financial Strategy (MTFS) and provides Members with the latest assessment of the Council’s financial position over the next 5 years.

The Chief Officer Resources spoke to the report and provided a detailed overview of the key points as outlined in the report and appendices.

The Committee AGREED that the report be accepted and endorse Option 1, as follows:-

·        considered and agreed the MTFS;

·        noted the forecast funding gap for the period of the MTFS;

·        the cost pressures identified at Appendix 1 of the MTFS be noted; and

·        the progress update within the Strategic Business Reviews attached at Appendix 2 of the MTFS be noted.