Decision details

Medium Term Financial Plan - Financial Landscape and Forecasts 2020/21 to 2022/23

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: Yes


The Cabinet considered an update on the forecasts for the Council’s finances for the period 2020/21 to 2023/24 following the provisional Local Government Finance Settlement announced in 20 December 2019, and agreed that:-


·         the details of the 2020/21 Provisional Local Government Finance Settlement, the Council response to the consultation and the expected date of the announcement of the Final Local Government Finance Settlement be noted;

·         the financial forecasts for 2020/21 to 2022/23 be noted;

·         the indicative budget adjustments since the MTFP Update presented to the Cabinet meeting on 6 January 2020 resulting in available MTFP resources of £3.537m in 2020/21 and the revised MTFP position be noted and approved;

·         the allocation of £2.950m of the available MTFP resources as set out in paragraph 3.9 be approved;

·         the available one-off resources identified and approve the allocation of up to £1m of these resources to increase the Council’s General Fund Balance subject to the Section 151 Officers assessment of its adequacy to support the 2020/21 Budget be noted; 

·         the allocation of corporate contingency budgets to Cash Limit budgets as part of the 2020/21 budget setting process be approved; and

·         the use of £0.100m of one-off available resources to support the provision of community orchards across the borough.

Alternative options considered:


Interests and Nature of Interests Declared:


Decision Reference: CAB210

Declarations or conflicts of Interest: None.

Contact: Jonathan Davies, Corporate and Support Services Email: Tel: 218 1025.

Publication date: 05/02/2020

Date of decision: 04/02/2020

Decided at meeting: 04/02/2020 - Cabinet

Effective from: 12/02/2020

Accompanying Documents: