The Council’s Medium Term Financial Strategy sets aside £0.9m of revenue per year, which allows the Council to borrow up to £10m per annum until 2020/21. For 2017/18, the MTFS sets aside an additional £0.5m of revenue borrowing costs to fund the implementation costs of the Transformation Programme.
The Cabinet will be asked to approve the bids to the Capital Programme for 2017/18 to 2020/21 that will require Council funding and investment.
Decision type: Key
Decision status: Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 14/11/2016
Issue Category: Financial;
Decision due: 25 Apr 2017 by Cabinet
Lead member: Finance, Growth & Investment Portfolio
Lead director: Chief Operating Officer
Department: Finance & Investment
Contact: Kathy Freeman, Finance Director Email: kathy.freeman@lbbd.gov.uk Tel: 020 8227 3497.