Issue - meetings
Test 4
Meeting: 07/11/2018 - Cabinet (Item 3a)
3a Medium Term Financial Plan and Budget Process 2019/20 to 2022/23 
PDF 181 KB
Division/Wards Affected: All
Purpose: To highlight the context within which the Medium Term Financial Plan (MTFP) will be developed for 2019/20
To agree the assumptions to be used to update the MTFP, and provide an early indication of the level of budget savings to be found.
To update Members with the implications arising from the provisional settlement announcement of Welsh Government.
To agree the process for developing the MTFP and budget for 2019/20
Author: Joy Robson - Head of Finance
Contact Details: joyrobson@monmouthshire.gov.uk
Additional documents:
- Appendix 1 Response to WG on the Provisional Settlement, item 3a
PDF 75 KB
- Appendix 2 AEF per head 201920, item 3a
PDF 14 KB
- Appendix 3 MCC Financial Strategy 2019 onwards, item 3a
PDF 372 KB
- Appx to Appx 3, item 3a
PDF 867 KB
- Appendix 4 Future generations impact MTFP and budget process 201920, item 3a
PDF 138 KB
Decision:
That the budget assumptions outlined in paragraphs 3.18 to 3.20 in the report are agreed and updated during the budget process should better information become available.
That Cabinet approves the draft response to the Welsh Government on the provisional settlement.
That Cabinet receives the draft MCC financial strategy 2019 onwards for information.
That the budget process as outlined in paragraph 3.24 is adopted including member budget scrutiny and consultation conducted with Select Committees, and consultation with the public, businesses, JAG, schools budget forum and the Inclusion Group.