Medium Term Financial Strategy 2021-25

Cheshire East Council met on 17 February 2021 and agreed the Medium Term Financial Strategy Report for 2021/22 to 2024/25.

The report provides detailed information on the issues facing the Council in the medium term and shows how these are being addressed to present a balanced financial position for the 2021/22 financial year.

The appendix to the report entitled the Medium Term Financial Strategy 2021-25 (PDF. 4MB), features:

• An Executive Summary from the Finance, ICT and Communication Portfolio Holder
• The detailed Medium Term Financial Strategy Report

Section 1 sets out the strategic overview for each outcome and more details of the actions each service area will be taking over the next four years to deliver the new Corporate Plan aims. 

Section 2 of the report sets out how the Council’s expenditure will be funded from Government grants, Business Rates and Council Tax. This includes details of the 4.99% increase in Council Tax for 2021/22 (including 3% ring-fenced specifically for Adult Social Care).

The annexes to the report provide supporting information including line by line detail of the grants, policy changes and capital schemes that have been agreed as part of the Budget package. The latest Reserves Strategy, Investment Strategy and Treasury Management is also provided.