Consider and comment on the attached Executive report that starts the formal process that sets a framework for 2019/20 – 2022/23 MTFP with updated planning assumptions.  It also considers the impact of changes in Local Government financing and how these may be addressed leading to the setting of a budget for 2019/20 and Council Tax rate in February 2019 which was presented to the Executive on the 7st August 2018.

The Director of Resources introduced the Medium Term Financial Plan 2019/20 – 2022/23 report that outlined the Council’s current planning and approach.  Key issues were highlighted, and the report included existing figures, areas of concern and significant pressures.

The Council’s Corporate Management Team continued to monitor closely each directorate’s budget, however, the MTFP Strategy remained the same as last year.

In light of the report Members queried what steps had been taken by officers to ensure services continued to be delivered as the Council entered more uncertain times.  In response the Deputy Leader and Executive Member for Resources advised there had been a worrying increased demand for services exacerbated by the possible loss of Government grants.  Many services had been working hard to ensure the Council did not experience the same budget pressures as other authorities.

RECOMMENDED that the Budget Strategy and Medium Term Financial Plan 2019/20-2022/23, the approach to the consultation and framework be fully endorsed by the Committee.