To recommend the approach for consultation to inform the 2021/22 budget and developing the medium term financial strategy (MTFS). Also to recommend an in year review of the capital investment budget.

Cabinet is required to publish its timetable for making proposals to Council for the adoption of the MTFS, its capital budget and setting a revenue budget, and its arrangements for consultation of those initial proposals.

That:

(a)   the proposed timetable for the development and adoption of the Medium Term Financial Strategy and the 2021/22 budget be approved;

(b)  an in year review of the capital investment budget be approved; and

(c)   the approach for consulting on budget proposals for 2021/22 be approved.

1.     It is open to Cabinet to propose alternative timetable and consultation arrangements, but in doing so regard must be had to the council’s budget and policy framework procedure rules and the legislative requirements for Council to approve a budget.