Decision details

RESOLVED:

That District Executive agreed to:-

a.

note the updated Medium Term Financial Plan estimates;

b.

note and support the updated Financial Strategy as a result of updated forecasts of estimated available resources;

c.

note the anticipated need for the use of earmarked reserves to mitigate temporary falls in income;

d.

note the intention to revisit the funding of the regeneration schemes and report back to District Executive with revised forecasts and recommendations.

Reason:

To provide Members with an updated Financial Strategy for 2020/21 onwards and provide information regarding the initial Medium Term Financial Plan (MTFP) estimates for the period 2021/22 to 2024/25 incorporating the forecast impact of the Covid-19 pandemic.