Purpose

The Cabinet will be presented with
an update on the Council’s MTFS for 2024/25 to 2026/27 and
the Budget Strategy 2025-26, and will be asked to approve
any appropriate updates or amendments to reflect the
latest position.

Content

The Cabinet will be presented with
an update on the Council’s MTFS for 2024/25 to 2026/27 and
the Budget Strategy 2025-26, and will be asked to approve
any appropriate updates or amendments to reflect the
latest position.

Cabinet resolved to:
 
(i)  Note the
latest MTFS projections and forecast budget gap for 2025/26 of
£25.9m;
 
(ii)  Note the
assumptions set out in the report underlying those forecasts as
well as the financial risks and uncertainties;
 
(iii)  Note the outline
budget setting timetable for 2025/26 as set out in section 10 of
the report; and
 
(iv)  Approve the Budget
Strategy and approach to setting the 2025/26 budget as set out in
section 9 of the report.