To consider the report of the Head of Finance, Procurement and Commercial Services.
Consideration was given to the report of the Head of Finance, Procurement & Commercial Services, as contained on pages 87 to 110 of the Book of Reports, which presented the updated Medium-Term Financial Forecast and savings proposals, savings proposals, to close the budget gap for 21/22 and 22/23 and advised on the latest Council reserves position.
A Motion to approve the recommendations in the report at paragraph 2 was moved and seconded.
An Amendment circulated prior to meeting was accepted by the mover, the seconder and with the agreement of the meeting.
During consideration of the report, the Head of Finance, Procurement and Commercial Services gave an undertaking to bring a report back to Council on the financial position in relation to the Skelmersdale Town Centre project.
A vote as taken on the Motion, as amended, which was CARRIED.
RESOLVED: A. That the revised Medium-Term Financial Forecast (GRA) shown in Appendix A to the report, be noted.
B. That the savings proposals in Appendix B to the report, be approved.
C. That the reserves position be noted.