Issue - meetings
Medium term financial strategy
Meeting: 09/07/2019 - Eastbourne Borough Council Cabinet (Item 15)
15 Medium term financial strategy PDF 81 KB
Report of Chief Finance Officer
Lead Cabinet member: Councillor Stephen Holt
Additional documents:
Decision:
(Key decision):
To note the background to the Medium Term Financial Strategy for 2019/20 and to approve the approach outlined in the report.
Minutes:
The Cabinet considered the report of the Chief Finance Officer providing an update on the process and approach to the Council’s Medium Term Financial Strategy for the period of 2019/20 to 2024/25.
The strategy set out the strategic direction for the Council and was regularly updated as it evolved and developed throughout the year to form the framework for the Council’s financial planning.
Several external factors were analysed in undertaking the mid-year review of the strategy including the national and local economic outlook, including the impact on Brexit, inflation, interest rates, public sector pay and factors affecting demand-led services.
Resolved (Key decision):
To note the background to the Medium Term Financial Strategy for 2019/20 and to approve the approach outlined in the report.
Reason for decision:
To progress the Medium Term Financial Strategy process and update Cabinet on the background to this.