Financial Sustainability Strategy 2019/25
The Executive Member for Finance and Support Services submitted a report proposing that a Financial Sustainability Strategy be adopted for the use of both staff and Members in the Delivery of the East Herts Medium Term Financial Plan for 2020 onwards.
The Chairman explained that only recommendations (B) and (D) as detailed needed Council approval.
Councillor G Williamson moved and Councillor M Allen seconded, a motion that the recommendations (B) and (D), as detailed in the report submitted, be approved. After being put to the meeting and a vote taken, the motion was declared CARRIED.
Council approved the proposals now detailed.
RESOLVED – that (A) the Financial Sustainability group be embedded as a Financial Sustainability Board and holds delegated powers to invest in projects that meet the Financial Sustainability Strategy criteria; and
(B) a capital sum be made available to the Financial Sustainability Board of £3M to invest in commercial income generating activity that achieves the Financial Sustainability Strategy key requirements.
(see Minute xxx above)