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


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.


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.


Report author: Virginia Rennie

Publication date: 15/07/2022

Date of decision: 14/07/2022

Decided at meeting: 14/07/2022 - Cabinet

Accompanying Documents: