December Finance Planning and Medium Term Strategy Report 2023 to 2028

December 18, 2023 Cabinet (Cabinet collective) Key decision Approved View on council website

This 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

...to address a projected funding gap of £38.259m for 2024-28, the Cabinet approved changes to the Medium Term Financial Strategy, noted previously agreed and proposed savings totaling £35.406m, and acknowledged the budget's dependence on ongoing considerations and the uncertainty surrounding government funding and demand pressures.

Full council record

Purpose

The December Financial Planning and Medium
Term Strategy Report will provide an update on the economic
outlook, pressures, risk areas and set out the revenue funding
deficit for 2023-28 together with proposals to close the funding
gap.

Supporting Documents

Appendix 2 - 2023-24 Q2 Monitor.pdf
DFPR23 FINAL v1.1.pdf
Appendix 1 - 2024-28 Proposed Savings.pdf
Appendix 3 - CIP 2023-24 to 2024-25 and indicative funding Dec 2023.pdf
Overview and Scrutiny Committee - 13 December 2023.pdf

Details

OutcomeRecommendations Approved
Decision date18 Dec 2023
Subject to call-inYes