Purpose

To note the progress on the
development of the Medium Term Financial Strategy

Decision

The Cabinet:
 

1.1.        
Approved the approach in para 1.7 of the Cabinet report to develop
the refreshed Medium Term Financial Strategy.
 

1.2.        
Approved that funding of £150,000 previously allocated to
homelessness pods be redirected towards the delivery of additional
temporary accommodation. This approach will better support both
former rough sleepers and the broader temporary accommodation needs
within the district.
 

1.3.        
Delegated to the Cabinet Member for Finance and Commissioning,
responsibility to agree the form and timetable for the Budget
Consultation covering 2026/27.
 

1.4.        
Recommended to Council to update the Medium
Term Financial Strategy to:
 

•      
Increase the revenue budget for Local Government Reorganisation
from £10,000 to £40,000 as

·      
the Council’s share of all research and modelling necessary
to support the business case.

•      
Increase the Disabled Facilities Grant capital budget in 2025/26 by
£497,000 from £879,000 to

·      
£1,376,000 funded by additional Better Care Fund grant.

•      
Approve the addition of a new project of £120,000 to the
Capital Programme in 2025/26 funded

·      
by Rural Shared Prosperity grant for small scale grants in micro
and small rural businesses.

•      
Approve a revenue budget of £600,000 for 8 new apprentices
funded by the Collection Fund

·      
Surplus in 2024/25 of (£491,000) and (£109,000) of
available General Reserves.