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Decision details
Financial Implications Arising From Covid-19
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report provides details of additional expenditure being incurred, and projected income reductions. It highlights the steps and timelines required to achieve a New Medium Term Financial Strategy upon which future budgetary decisions will need to be determined.
Decision:
1. An updated Medium-Term Financial Strategy be considered by Cabinet on the 1 September 2020; this will include a mid-year review of the Capital Programme and the impacts on reserves.
2. To continue to review expenditure pressures and income opportunities as part of the Council’s Priority Income and Expenditure Review (PIER) process in order to help achieve sustainable budgets in the future.
3. The Council continue to make representations for additional funding from government – both in the short and long term.
Report author: Peter Grace
Publication date: 07/07/2020
Date of decision: 06/07/2020
Decided at meeting: 06/07/2020 - Cabinet
Accompanying Documents:
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