Decision details
A Financial Framework for the 2023/24 Medium Term Financial Strategy Refresh
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To seek agreement to the financial framework
for the 2023/24 MTFS refresh, including the agreement to the key
strategic principles and areas of activity required.
Decision:
That Cabinet:
1. Notes the emerging financial position within which the 2023/24 budget and 2023-28 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 2023/24 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 2023/24 budget and Medium Term Financial Strategy Refresh.
5.
Report author: Virginia Rennie
Publication date: 15/07/2022
Date of decision: 14/07/2022
Decided at meeting: 14/07/2022 - Cabinet
Accompanying Documents: