Decision details

Cabinet considered a report on the Outline Budget for the period 2021-22 to 2024-25.

Resolved to:

1.    Agree the net budgeted expenditure (before investment and use of reserves) for 2021-22 be set at a maximum level of £22.1m; and

2.    Support the overall strategy set out in the report for addressing efficiencies and achieving medium term financial sustainability.

Reason for Decision:

Cabinet were satisfied that the report set out the parameters in which a detailed balance for 2021-22 could be worked up and put forward an updated Medium Term Financial Strategy designed to respond to the challenges of COVID-19.