Issue - meetings

That the verbal update on the Medium Term Financial Strategy be received with thanks.

The Chief Executive provided a verbal update on the Medium Term Finance Strategy (MTFS). 

                        The agenda for the Cabinet meeting on 19 January 2016 included a first phase report on the Council Fund Revenue Budget for 2016/17.  The current  priority was to set a budget for 2016/17.  The MTFS included a headline summary of the possible figures for 2017/18 based on the comparative Settlement outcomes for 2016/17 although it was expected that longer term forecasts would be provided by Welsh Government (WG) following the Welsh Assembly elections in May 2016.  The Chief Executive also commented on issues such the funding formula and National Non Domestic Rates (NNDR). 

            RESOLVED:

That the verbal update on the Medium Term Financial Strategy be received with thanks.