The report proposes the Medium Term Financial Planning framework for 2016-17 through to 2019-20.

1.      That the risks and uncertainty surrounding the Medium Term Financial Plan be recognised, including the likelihood of further austerity measures in future years.

2.      That the proposed framework for updating the Medium Term Financial Plan 2016/17 – 2019/20 and the preparation of a budget for 2016/17 be endorsed.

3.      That the approach for the consultation process in 2015/16 be noted.

The Executive considered a report from the Executive Member for Corporate Resources which proposed the medium term financial planning framework for 2015-17 through to 2019-20.  The Autumn Statement would have a significant bearing on the Council’s financial position and was not expected until December 2015.

Reason for decision:  To enable the Council to have in place a framework to meet the financial challenges faced by Central Bedfordshire Council over the medium term.

RESOLVED

1.      that the risks and uncertainty surrounding the Medium Term Financial Plan be recognised, including the likelihood of further austerity measures in future years;

2.      that the proposed framework for updating the Medium Term Financial Plan 2016/17 – 2019/20 and the preparation of a budget for 2016/17 be endorsed; and

3.      that the approach for the consultation process in 2015/16 be noted.