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Decision details


Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


The Executive agreed the recommendations as outlined above namely:


  1. To approve the Medium-Term Financial Sustainability Strategy 2021/22 – 2026/27 attached at Appendix 4a to the Executive report.


  1. To initiate a period of consultation with key stakeholders before the 2022/23 Budget cycle commences.


  1. To defer delivery of the 5-year Children’s Social Care medium-term financial plan by 12 months in order to give its workstreams more time in which to take effect [section 4.4].


  1. To transition out the Growth and Prosperity net revenue budget target over a 2-year period, 2022/23-23/24, with any proceeds subsequently realised from the existing work programme being directed to bolstering reserves and any new proceeds being retained by Growth and Prosperity for their re-investment [section 4.4].


  1. To suspend the Cash Limited Budgeting Regime to allow finances to be managed more strategically at a corporate level [paragraph 5.3].


  1. To continue to plan for a level of general working balances of £6m and agree that this should be subject to ongoing review [paragraph 5.4].


  1. To invite independent assurance on the robustness and validity of this Strategy and Medium-Term Financial Plan via CIPFA’s Financial Resilience Advisory Report peer review service or equivalent [paragraph 6.2].



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


Publication date: 09/11/2021

Date of decision: 08/11/2021

Decided at meeting: 08/11/2021 - Executive

Effective from: 13/11/2021

Accompanying Documents: