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Decision – That the notes of the meeting held on 18 December 2019 be approved.
Reasons for the Decision – To provide Cabinet with an update on the Strategic Plan which explains the Council’s vision of what it hopes to achieve for Staffordshire in the next four years and the ways the Authority will work with residents, communities, businesses and partners to make this a reality; and also the accompanying Medium Term Financial Strategy (MTFS), which provides details of how the Council’s operations will be funded over the five year period 2020-2025.
Decision – (a) That, in respect of the Strategic Plan:
(i) The progress made regarding the update of the Strategic Plan 2018-2022 be noted.
(b) That, in respect of the Medium Term Financial Strategy (MTFS) 2020-25 and the 2020/21 revenue budget:
(i) the updates to the financial plans, as set out in the report, be noted;
(ii) the commitment to continue to deliver the cost reduction programme, as set out in Appendices 4a – 4d to the report, be endorsed;
(iii) the risks associated with these planned cost reductions, as set out in the report, be noted and that the Senior Leadership be requested to undertake the appropriate engagement arrangements required to deliver the cost reductions;
(iv) the draft revenue budget for 2020/21 be noted;
(v) it be noted that the Cabinet is to receive a further report later this month, once the details of the Local Government Finance Settlement are known, to recommend a Revenue Budget, MTFS and Council Tax to full council in ... view the full minutes text for item 81.