Purpose

To consider a report on the Council’s current
financial position and Medium Term Financial Strategy and take any
decisions arising from the July finance review.

Decision

That the following be approved as a basis for
consultation:
 
1.  Phase
one 2025/26 budget proposals for revenue; 
 
2.  Phase
two 2025/26 budget proposals for revenue will be presented to
Cabinet in January to reduce the £17.351m projected gap prior
to the local government finance settlement due in
December;
 
3.  Draft
five-year capital programme for 2025/26 to 2029/30;
 
4.  Update
on the Medium Term Financial Strategy 2025/26 to
2028/29;
 
Cabinet agreed to note the following:
 
5.  Updated
Treasury Management Strategy.
 
6.  The
Chief Executive and Executive Director, Finance and Commercial,
Commissioners to continue conversations with the Ministry of
Housing, Communities and Local Government (MHCLG), and His
Majesty’s Treasury (HMT) on terms for Exceptional Financial
Support for 2025/26.