Decision details

Councillor Richard Gold, Cabinet Member for Finance and Communities, presented the confidential report which provided an update on the progress in establishing the Finance Improvement Panel and the progress against the Finance Improvement Plan.

Decision:

Cabinet:

1.    Noted the amended Terms of reference which include a strengthened primary purpose of “To ensure Bury Council is placed on a sustainable financial footing and is capable of delivering a sound MTFP”; and

2.    Noted the Finance Improvement plan which will be monitored by the finance improvement panel on a monthly basis.

Reasons for the decision:

To update members on the progress regarding the Finance Improvement Panel and the Finance Improvement Plan.

Other options considered and rejected:

None.