To approve the draft Medium-Term Financial Management Strategy (MTFMS) as a basis for consultation both within the Council and with strategic partners prior to approval of the final document in October 2006.

THAT the draft Medium-Term Financial Management Strategy be approved as a basis for consultation prior to approval of the final document on 9th October 2006.

Herefordshire Council is determined to provide a sound basis for sustainable improvements in services and a better quality of life for the people of Herefordshire. Excellence in financial planning and management is vital to achieving this.

Alternative options will be explored as part of the consultation process.