Issue - meetings

Purpose: to consider and recommend Council approve the medium term financial strategy for 2015/16 to 2019/20.

Cabinet considered the head of finance’s report on the annual review of the medium term financial strategy, this being for the period 2015/16 to 2019/20.  Cabinet was asked to consider the draft strategy and recommend its adoption to the Council.  

The strategy set out the fundamental financial objectives of the council and the principles to be followed in managing the council’s finances.  It also helped inform the treasury management strategy.  In addition to the objectives and principles, a narrative on significant current issues was included in each section.  The significant current issues had been updated.  However, the report proposed no changes to the objectives or principles.  Cabinet supported the proposed strategy. 

RESOLVED: to recommend Council on 19 February 2015 to approve the Medium Term Financial Strategy for 2015/16 to 2019/20 as attached to the head of finance's report to the Cabinet meeting of 12 February 2015.