Decision details

To consider the attached report which constitutes the Council’s Medium-Term Financial Sustainability Strategy (MTFSS) for the 6-year period, 2016/17 to 2021/22.

The Executive agreed the recommendations as outlined above namely:

1. To approve the Medium-Term Financial Sustainability Strategy 2016/17 to 2021/22.

2. To share this Medium-Term Financial Sustainability Strategy with the Secretary of State for Communities and Local Government by 14 October 2016 as the Council’s ‘Efficiency Plan’ required to secure the benefits of the greater certainty that a 4-year Revenue Support Grant Settlement brings to medium-term financial planning.

3. To initiate a period of consultation on the efficiency plan with residents, local neighbours, public sector partners and devolution stakeholders.

4. To invite independent assurance on the robustness and validity of this Strategy and Medium-Term Financial Plan via CIPFA’s new Financial Resilience Advisory Report peer review service or equivalent.

5. To agree to receive updates of the Strategy and/or Plan on a rolling annual basis or as changing circumstances dictate.