Medium Term Financial Strategy
The purpose of the council's budget is:
- to enable the council to fulfil its statutory duty to set a Council Tax each financial year to ensure that use of the council's financial resources is planned and that a balanced budget is set
- to set financial targets for service managers against which their use of financial resources can be measured and controlled.
- to facilitate the delivery of the council's corporate strategy and subsequent priorities by allocating resources between services according to agreed strategies and plans.
The Medium Term Financial Strategy (MTFS) aims to put finance into its corporate context. Not all matters can be covered in detail, but it is intended to give a flavour of how finance influences the way Chorley Borough Council operates and is governed.