Our Financial Strategy
The Medium Term Financial Plan outlines the financial needs and requirements of the Council. The key themes to the strategy can be summarised as:
a) Challenging existing costs estimates and assumed "unavoidable" cost increases;
b) Ensuring clear service priorities that demonstrably align with corporate strategy and plans;
c) Maximising operational efficiency through transformation of services and ways of working;
d) Taking a more commercial approach and increasing income yield by 5% per year;
e) Increasing the income yield from financial investments as part of a prudent treasury management approach;
f) Investing in property, energy and new services to generate additional income that can be reinvested to maintain and improve services to our community.