Current budget 2019 to 2020
Medium Term Financial Plan (MTFP) is reviewed and refreshed on an annual basis. Assumptions made when setting the previous MTFP are reviewed and updated where necessary. New information on funding and service delivery is assessed and factored into the MTFP.
The council needs a high level funded plan for its priority outcomes and core purpose which balances the available financing with its spending needs. It includes the financial strategy, financial assumptions and inherent financial risks, but more importantly it links decisions on resource allocations to policy decisions on priorities.
In the challenging economic environment and reduced levels of government funding delivering stability is an essential part of setting the council's budget. This is done by ensuring that changes from year to year in resources available and the financing implications of those changes are, as far as possible, predicted and managed. The council needs to ensure it is making the best use of all resources, delivering efficiencies where possible and optimising the financial resources available to the council over the life of the MTFP.
The Medium Term Financial Plan was approved by full council on 21 February 2019 and the related documents can be viewed:
2018 to 2019 Budget Books
2017 to 2018 Budget Books
Previous budget books