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.