Purpose

To consider and approve the
council’s medium term financial strategy.

Content

(Non-key decision):
 
(1) To note the updated MTFS
forecasts and the requirement to identify additional savings for
the period 2025/26 to 2028/29.
 
(2) To note that this forecast
could change based upon government funding settlement announcements
and demand for services and pressures upon the council.
 
(3) To note that at this stage
and considering the assumptions for contingencies a forecast
£2.06m of savings are required to balance the 2025/26 budget;
and
 
(4) To note the planned annual
review of earmarked reserves which aims to reallocate them in line
with the emerging risks.