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).

Decision

Cabinet RESOLVED

(1)      To note the contents of the report and the potential financial impact on the Council’s Medium Term Financial Strategy.

(2)      To agree the budget setting process for 2024/25, including the approach to consultation and scrutiny, as set out in section eight of the report.

(3)      To note and agree the proposed 2022/23 capital budget carry forwards and capital virements for 2023/24 as set out in section nine of the report.

(4)      To note the financial position with regards to the Housing Revenue Account, as set out in section ten of the report.

(5)      To note the financial position with regards to Schools and the Dedicated Schools Grant, as set out in section eleven of the report.