Medium Term Financial Strategy Consultation 2024/25 - 2027/28
Decision Maker: Economy and Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
All Committees were being asked to provide
feedback in relation to their financial responsibilities as
identified within the Constitution and linked to the budget
alignment approved by the Finance Sub Committee in March 2023.
Responses to the consultation would be reported to the Corporate
Policy Committee to support that Committee in making
recommendations to Council on changes to the current financial
strategy.
Decisions:
The Committee received the report which set out the indicative financial envelope for the Committee to support consultation on the development of the Cheshire East Medium-Term Financial Strategy 2024/25 to 2027/28.
It was reported that there was a typographical error in paragraph one of the report which stated the Committee were being asked to approve the indicative financial envelope. It was confirmed that this was for noting only and no decision was required at this stage.
RESOLVED: That the Committee
1 note the indicative budget envelope for the Committee, as approved at the Finance Sub Committee on 2 November 2023, as a way of setting financial targets in support of achieving a balanced budget for 2024/25.
2 note that officers will develop further proposals in consultation with Members to enable wider stakeholder consultation prior to approval by Council.
3 note that Committees will be presented with the opportunity to further review financial proposals, designed to achieve a balanced budget, as part of their January cycle of meetings prior to recommendations being made to Council for approval.
Report author: Honor Field
Publication date: 20/11/2023
Date of decision: 14/11/2023
Decided at meeting: 14/11/2023 - Economy and Growth Committee
Effective from: 25/11/2023
Accompanying Documents:
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