Decision details

Purpose: to consider the draft strategy and recommend its adoption to Council

Cabinet considered the head of finance’s report that recommended approval of a medium term financial strategy for the period 2016/17 to 2020/21. 

Cabinet recognised the importance of continuing to have a medium term financial strategy.  This would help the council achieve its strategic objective to manage its business effectively and support the corporate priorities to keep its share of council tax as low as possible, whilst continuing to deliver high quality services.  Financial planning within a medium term strategy helped achieve this in a structured way while directing resources to priority areas. 

Cabinet supported the adoption of the strategy appended to the report, noting that there had been no change to the objectives or principles from last year. 

RECOMMENDED to Council to approve the Medium Term Financial Strategy for 2016/17 to 2020/21 as appended to the head of finance’s report to Cabinet on 4 February 2016.