Decision details

Medium Term Financial Outlook

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


This report sets out the medium term financial outlook for the Council and presents an early overview and assessment of the financial impact of COVID-19 on the medium term financial strategy.


Cabinet RESOLVED to:


(1)    note the contents of the report and the potential financial impact on the Councils Medium Term Financial Strategy.


(2)    agree the budget setting process for 2021/22, including the approach to consultation and scrutiny, as set out in section five of the report.


(3)    confirm the intention, as previously announced and subject to consultation and any other material changes to circumstances, to increase council tax by 3.99% in 2021/22.


(4)    note the Capital budgets and agree the proposed 2019/20 capital budget carry forwards and capital virements, as  set out in section six of the report.

Reason Key: Affects more than 2 wards;

Wards Affected: (All Wards);

Contact: Minesh Patel, Director of Finance Email: Tel: 020 8937 4043.

Report author: Ravinder Jassar

Publication date: 21/07/2020

Date of decision: 20/07/2020

Decided at meeting: 20/07/2020 - Cabinet

Effective from: 28/07/2020

Accompanying Documents: