Decision details

Cabinet considered a report of the Director of Corporate Resources regarding the Medium Term Financial Strategy.

At the invitation of the Chairman, Councillor House addressed Cabinet noting that it was now not looking likely that the County Council would receive full reimbursement of the costs of managing the Covid-19 crisis and highlighting the uncertainty of the position.

The report was introduced and the level of unfunded loss to date drawn to Cabinet’s attention. The scenarios regarding government funding and various possible outcomes set out in the report were detailed. The impact on the Transformation programme was highlighted and it was confirmed that with much of T21 paused, it would be necessary to extend delivery for a year. It was emphasised that the situation was fast moving with changing consequences.  

Cabinet welcomed the report, noting that although the long term position was difficult, prior to Covid-19 the County Council was on track to meet its budget, but in some scenarios it was now no longer financially viable. The importance of explaining the County Council’s situation and of government honouring its commitments of support was agreed.

The recommendations set out in the report were considered and agreed. A

decision record is attached to these minutes.