Issue - meetings

Report of the Executive Director of Corporate Resources & Customer Services

The Cabinet considered the report of the Executive Director - Corporate Resources and Customer Services that advised of the latest position regarding Government funding announcements for 2021/22; and provided an update to the Medium-Term Financial Plan for 2021/22 to 2023/24 taking account of the most up to date information available.

The Cabinet Member for Regulation, Compliance and Corporate Services, Councillor Lappin commended and thanked staff within the Corporate Resources team for all their hard work in working under difficult circumstances with very little information from Central Government in relation to the Local Government Financial Settlements.  

Decision Made:

That the updated Medium-Term Financial Plan for 2021/22 to 2023/24 including any assumptions made, be approved.

Reasons for the Decision:

In February 2020 Council approved a one-year budget plan for 2020/21. As part of this report, an indicative budget gap of £19m for 2021/22 to 2022/23 was reported.  The MTFP for this period has subsequently been updated to reflect the latest information available and to include extend the MTFP to 2023/24.  In approving the recommendation laid out in this report, the Council will continue to ensure resources are well managed and reflect the key priorities of the residents of Sefton.

Alternative Options Considered and Rejected:

None.