To consider a report on the Medium Term Financial Strategy Consultation for 2024/25 – 2027/28.
Additional documents:
Minutes:
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.
Cllr Chadwick queried the budget for flood risk management and where the funding would come from in the event of any flood incident within the borough. Officers committed to providing a written response however highlighted that an update report on Flood Risk Management would be presented to the Committee in January 2024 and would be an ideal opportunity to discuss this further.
RESOLVED:
That the Highways and Transport Committee
1 Note the indicative budget envelope for this committee, as approved at the Finance Sub-Committee on 2 November, 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.
Cllr P Coan and Cllr A Gage left the meeting.