The Chief Finance Officer to report on the Council’s Medium Term Financial Strategy
The Chief Finance Officer presented to Members a report setting out the proposed Revenue Budget, Capital Programme, and Council Tax 2020/2021 for recommendation to Budget Council via Cabinet. It was noted that the information contained in the report was subject to the Final Local Government Finance Settlement and approval of the Mayor of Greater Manchester precepts for 2020/21.
Members were informed that the report set out the key financial challenges and issues which would be faced by the Council over the period 2020/21 to 2022/23 and provided details of the assumptions and estimates which underpin the budget. The budget also took into account the latest known developments both regional and at a local level and reports on the integration of health and social care within the pooled budget arrangements.
The Committee was informed of the revenue proposals which were being recommended to Cabinet to enable a balanced budget to be considered and presented to Budget Council for approval. It was noted that the capital programme being recommended to Cabinet had been consulted on during the Autumn 2019. This would also be presented to Budget Council for approval.
That Cabinet be advised that the Corporate Overview and Scrutiny Committee recommends approval to Council.