Purpose

The Cabinet will be
presented with an update on the Council’s MTFS for 2025/26 to
2027/28 and will be asked to approve any necessary budget
adjustments.

Content

Cabinet resolved to:
 
(i)  Note the updated
local government financial context and wider developments, as set
out in section 2 of the report;
 
(ii)  Consider and approve
the Budget Strategy and approach to setting the 2026/27 budget, as
set out in section 3 of the report;
 
(iii)  Note the latest MTFS
projections and forecast budget gap for 2026/27 of £12.6m as
set out in section 4 of the report;
 
(iv)  Note the assumptions
underlying the MTFS projections as well as the financial risks and
uncertainties, as set out in sections 4 and 11 of the report;
 
(v)  Note the Housing Revenue
Account, Schools and Capital budget strategy and approach, as set
out in sections 5, 6 and 7 of the report; and
 
(vi)  Note the outline budget
setting timetable for 2026/27, as set out in section 8 of the
report.