Decision details
Covid-19 Financial Update and Medium Term Financial Strategy Impact Assessment
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Decision:
The Cabinet considered a report of the Executive Director (Finance and Resources) providing an updated assessment of the local financial impact of Covid-19 and a range of high level scenarios to illustrate the potential scale of the financial challenge over the short and medium term.
Resolved:-
1. That the Council’s updated assessment of the local financial impact of the unprecedented challenges that has been caused by the pandemic, be noted.
2. That the scale of the potential financial challenge summarised in the submitted report, be noted.
3. That the Council’s Medium Term Financial Strategy is reviewed and a range of options are developed to ensure continuing financial sustainability.
4. That the Cabinet receive regular reports to future Cabinet meetings, which will provide updated assessments on our financial position and outline any changes to our strategy and range of assumptions.
Reason for decision:
To provide an update on the financial impact of Covid-19
Other Options:
None.
Note: This is an Executive Function
Eligible for Call-in to: All Three Scrutiny Committees.
Executive Member: Cllr Gilbert
Report author: Joe Chesterton
Publication date: 18/09/2020
Date of decision: 15/09/2020
Decided at meeting: 15/09/2020 - Cabinet
Effective from: 26/09/2020
This decision has been called in by:
- Councillor Tony Cox who writes for consideration by all three Scrutiny Committees"
- Councillor Meg Davidson who writes for consideration by all three Scrutiny Committees"
Accompanying Documents: