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
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: firstname.lastname@example.org 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