Budget Strategy and MTFS Update 2027/28 - 2028/29
September 15, 2026 Cabinet (Cabinet collective) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet decided to approve the Budget Strategy and MTFS Update for 2027/28 - 2028/29 on 15 September 2026. They noted the updated financial context, the forecast budget gap of £27.9m for 2027/28, and various budget strategies and timetables.
The Cabinet decided to approve the procurement of Electrical Testing Services on 21 April 2026. They agreed to source contractors through a mini-competition via the SEC Framework Agreement and authorised the Strategic Director to conduct the procurement award and enter into contracts. This includes a four-year contract estimated at £6.329m for testing over 17,938 domestic dwellings and 942 communal areas, with remedial works included.
The Cabinet decided to approve, in principle, the creation of a multi-sports hub at May & Baker Sports Club on 21 April 2026. They agreed to utilise the Football Foundation Hubs programme grant for RIBA Stage 1 and 2 designs, provide 40% match funding, and approved accessing frameworks for 3G pitch and pavilion design and build contracts. Authority was delegated to the Strategic Director to conduct procurement and enter into contracts.
Full council record
Purpose
The Cabinet will be presented with an update on the Council’s MTFS for 2026/27 to 2028/29 and asked to approve the outline Budget Strategy for 2027/28 and beyond.
Decision
Cabinet resolved to:
(i) Note the updated financial context and overview, as set out in section 2 of the report;
(ii) Approve the Budget Strategy and approach to setting the 2027/28 budget, as set out in section 3 of the report;
(iii) Note the latest MTFS projections and forecast budget gap for 2027/28 of £27.9m, as set out in section 4 of the report;
(iv) Note the assumptions set out in the report underlying those forecasts as well as the financial risks and uncertainties, as set out in section 4 of the report;
(v) Note the Housing Revenue Account, Schools and Capital budget strategies and approach, as set out in sections 5, 6 and 7 of the report respectively; and
(vi) Note the outline budget setting timetable for 2027/28, as set out in section 9 of the report.
Related Meeting
Cabinet - Tuesday, 15 September 2026 - 7:00 pm on September 15, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Approved |
| Decision date | 15 Sep 2026 |
| Effective from | 24 Sep 2026 |
| Expected date | 15 Jun 2027 |
| Originally due | 15 Jun 2020 |
| Lead officer | Nemashe Sivayogan |
| Subject to call-in | Yes |