The Council Meeting has noted the Medium Term Financial Plan forecasts for the Council’s finances for the period 2019/20 to 2022/23.
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.