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: