Issue - meetings

Review the Medium-Term Financial Strategy Reserve

Meeting: 07/09/2022 - Finance Sub-Committee (Item 25)

25 Review the Medium-Term Financial Strategy Reserve pdf icon PDF 655 KB

To consider 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.

Additional documents:

Minutes:

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).