Issue - meetings

Report of the Executive Director (Resources, Environment and Cultural Services) setting out the financial strategy for 2017/18 to 2019/20 providing a framework for the Council to plan and manage its resources. 

Report of the Executive Director (Resources, Environment and Cultural Services) setting out the approach for maintaining financial sustainability and reflecting the Council’s commitment to provide the best possible value for money for the community.

The Strategy was updated annually and was effectively rolled forward to reflect the latest financial estimates and assumptions. 

This year’s update was influenced by the current economic climate and the Government’s continued austerity programme.  The estimates reflected a continued reduction in funding from the Government and showed that the Council had a challenging efficiency target to achieve over the next three years.

This challenge would be faced from a good starting position with healthy balances and longer term efficiency projects already identified.  There remained a number of significant uncertainties and risks to the Council’s finances, not least with regard to business rates, so the medium term financial position would continue to be monitored and reviewed.