Delivering the Medium-Term Financial Strategy

May 16, 2024 Cabinet (Cabinet collective) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

...whether to approve further actions outlined in the report to mitigate financial risks and ensure the delivery of the 2024/25 budget, as part of the Medium-Term Financial Strategy.

Full council record
Purpose

This discussion paper provides an update on:
- the current position
- actions being taken to mitigate the identified risks
-further options to consider to
mitigate and manage any emerging risks
 
The primary objective is to ensure delivery of the 2024/25
budget which forms year one of the Medium-Term Financial Strategy
(MTFS) as approved by full Council on 28th February
2024.

Content

The Mayor noted and agreed the reasons for urgency
as set out in the report.
 
DECISION
 
1.   
Note the actions being taken to deliver the Medium-Term
Financial Strategy approved on 28th February
2024.
 
Action by
CORPORATE DIRECTOR RESOURCES (J.
LORRAINE)
Director of Finance, Procurement and Audit (A. Kassim)

Supporting Documents

Appendix 1 - LBTH Capital Governance Process.pdf
Appendix 2 - Financial Sustainability Plan.pdf
Delivering the MTFS.pdf

Details

OutcomeRecommendations Approved
Decision date16 May 2024