Issue - decisions

Medium Term Financial Strategy Update

14/07/2021 - Medium Term Financial Strategy and Reserves Policy 2021-22 to 2025-26

Cabinet resolved to:

 

(i)  Approve the Medium Term Financial Strategy and Reserves Policy 2021-22 to 2025-26 as set out in Appendices A and C to the report and the approach proposed to ensure the financial health of the Council over the medium term;

 

(ii)  Approve the 2021/22 budget adjustments as detailed in paragraphs 9.1 - 9.5 of the report;

 

(iii)  Approve the addition to the Capital Programme and drawdown of up to £927,000 from the Parking Reserve to fund upgrades to the CCTV control room and cameras, as detailed in paragraphs 9.6 - 9.9 of the report; and

 

(iv)  Approve the drawdown of £1.05m from the Investment and Acquisition Strategy (IAS) reserve to fund additional resources to support the delivery of IAS returns, as detailed in paragraph 9.10 of the report.