Decision details

Medium Term Financial Plan - Financial Landscapes and Forecasts 2019/20 to 2022/23 Update

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

The Cabinet considered an update on the forecasts for the Council’s finances for the period 2019/20 to 2022/23 following the provisional Local Government Finance Settlement announced in December 2018, and agreed that

 

·         the details of the 2019/20 Provisional Local Government Finance Settlement and its impact on the MTFP forecasts and assumptions set out in the report be noted;

·         the financial forecasts for 2019/20 to 2022/23, and the key issues to be addressed in formulating a response to the financial challenges facing the Council be noted;

·         the indicative budget adjustments set out in the report resulting in available resources of £2.102m in 2019/20 and the revised MTFP be noted and approved;

·         the allocation of corporate contingency budgets as part of the 2019/20 budget setting process be approved;

·         the use of one-off available resources to support the Council’s investment decisions, MTFP and Reserves Policy be supported; and

·         the use of £0.500m of one-off available resources to support the funding of continuing expenditure pressures of Stockport Together new models of care be approved.

Alternative options considered:

None

Decision Reference: CAB148

Declarations or conflicts of Interest: None

Contact: Jonathan Davies, Corporate and Support Services Email: jonathan.davies@stockport.gov.uk Tel: 218 1025.

Publication date: 07/02/2019

Date of decision: 05/02/2019

Decided at meeting: 05/02/2019 - Cabinet

Effective from: 14/02/2019

Accompanying Documents: