Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
To receive an update on the progress in implementing the Finance Action Plan and to agree to forward the update to Council.
(a) That the update on the key areas of the work undertaken to respond to the many and very serious financial challenges and the recommendations made by external agencies be received. Specifically, on the following issues:
· capitalisation direction and changes to the estimated value of this
· progress being made on generating capital receipts
· the Council’s borrowing levels
· the dedicated schools grant
· the finance structure
· revenues and benefits
(b) That the progress and issues arising from the continued work on the above be noted.
(c) That the report be recommended to Council.
Report author: Steven Mair
Publication date: 12/09/2022
Date of decision: 21/09/2022
Decided at meeting: 21/09/2022 - Cabinet