Purpose

This report sets out the overall financial
position facing the Council and highlights the significant risks,
issues and uncertainties with regards to the Council’s Medium
Term Financial Strategy (MTFS).

Content

Cabinet RESOLVED to:
 
(1)      
Note the contents of the report and the potential financial impact
on the Council’s Medium Term Financial Strategy.
 
(2)      
Note the summary of the Spending Review and Local Government
Funding reform consultations, as set out in section five of the
report.
 
(3)      
Agree the budget setting process for 2026/27, including the
approach to consultation and scrutiny, as set out in section seven
of the report.
 
(4)      
Note and agree the proposed 2024/25 capital budget carry forwards
and capital virements for 2025/26 as set out in section eight of
the report.
 
(5)      
Note the financial position with regards to the Housing Revenue
Account, as set out in section nine of this report; and
 
(6)      
Note the financial position with regards to Schools and the
Dedicated Schools Grant, as set out in section ten of the
report.
 
Eligible for call-in: Yes
 
Deadline for submission of call-in: 6pm on
Monday 4 August 25