Decision details

Review the Medium-Term Financial Strategy Reserve

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes


The Sub-Committee considered a report on the use of the Medium-Term Financial Strategy (MTFS) reserve to date and its forecast use within the MTFS 2022 to 2026. The purpose of the report was to improve the Sub-Committee’s awareness of the approach to managing the Council’s MTFS Reserve, including its creation and ongoing governance.


RESOLVED (unanimously)


That the Sub-Committee


1.    notes the reporting to date in respect of the MTFS reserve;


2.    notes the forecast movements within the reserve over the next four years; and


3.    notes the level of the reserve as part of the overall Reserves Strategy, having regard to the s.25 Report of the Chief Financial Officer (Annex A to the report).


Publication date: 21/09/2022

Date of decision: 07/09/2022

Decided at meeting: 07/09/2022 - Finance Sub-Committee

Effective from: 29/09/2022

Accompanying Documents: