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).