Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To provide a framework for the 2023/24 MTFS
refresh for Cabinet to consider that will enable the Council to
respond effectively to changing circumstances while maintaining a
longer-term focus on the Council’s financial
sustainability.
That Cabinet:
1. Notes the emerging financial position within which the 2024/25 budget and 2024-29 Medium Term Financial Strategy will be developed;
2. Agrees the strategic principles that will form the basis of the Medium-Term Financial Strategy, as set out in paragraph 2.4 of the report;
3. Subject to the agreement of the principles, approves the proposals for the refresh of the 2024/25 Medium-Term Financial Strategy and Capital Strategy, as set out in Sections 3 and 4 of the report;
4. Notes the requirement for the Authority to set a sustainable balanced budget which shows how income will equal spend over the short- and medium term; and
5. Approves the timetable for agreeing the 2024/25 budget and Medium-Term Financial Strategy Refresh.
Report author: Virginia Rennie
Publication date: 14/07/2023
Date of decision: 13/07/2023
Decided at meeting: 13/07/2023 - Cabinet
Accompanying Documents: