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*RESOLVED
–
 

1.  
That the financial operating context, updated budget
assumptions and the current Medium Term Financial Plan (MTFP) gaps
be noted.
 

2.  
That officers be authorised to progress with the
delivery of the operational savings proposals set out in the Budget
Strategy Implementation Plan – stage 1 (Paragraph 3.29 and
Appendix A).
 

3.  
That the proposals set out in the Budget Strategy
Implementation Plan – stage 2 (Paragraphs 3.30 and Appendix
B) be approved in principle.
 

4.  
That officers be authorised to progress the
development of the proposals through to appropriate
decision-making, in line with the Council’s constitution and
statutory requirements, including carrying out more specific
engagement and consultation activities where required by law and
best practice.
 

5.  
That a Budget Conversation with residents,
businesses, and stakeholders across the borough be launched to set
out the challenges that the Council is facing and to seek feedback
on the proposed strategic approach to achieving a balanced budget
for 2024/25 and over the period of the MTFP.
 
REASON FOR DECISIONS
 
To respond to the scale of the
challenging financial environment within which the Council is
operating and to enable the Council to work towards developing a
balanced 2024/25 budget and MTFP, which will support the Council to
continue to deliver against the vision and priorities set out in
the Council Plan.