Decision details

Purpose of Report: To present the Council’s overall financial position and Medium Term Financial Strategy. It will set out the key financial challenges and the strategy for meeting these challenges.

Members will be asked to consider the information set out in the report.

It has not been possible to give 28 clear days’ notice of the intention to make this Key Decision. The reason why compliance has not been possible in this instance is that City of York Council are awaiting further financial information following the Government’s Autumn Statement.

Resolved: 

                      i.         That the financial challenges being faced by the council, and the high-level financial assumptions that feed into the forecast budget gap, be noted.

                     ii.         That the budget consultation process, as outlined in paragraphs 20 to 28 of the report, be noted.

                    iii.        That the decision-making process and timeline outlined in the report be noted.

Reason:     To ensure that the Council has a robust, balanced budget.