Decision details

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


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.


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: