Decision details

Financial update report covering the latest revenue monitoring position for the current year and setting the framework for the 2020/21 budget setting process

Cabinet considered a report of the Director of Corporate Resources regarding the budget setting process and provisional cash limits 2020/21.

The report was positively received and Members particularly noted the position regarding the pension fund valuation. It was recognised that this appeared to be a very strong position, but remained subject to stock market fluctuations and therefore any bonus, although welcome, could not yet be assumed.

The recommendations in the report were agreed. A decision record is attached to these minutes.