MTFS and Budget Scene Setting 2024-27

October 25, 2023 Cabinet (Cabinet collective) 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

The Cabinet, on 25/10/2023, approved recommendations regarding the MTFS and Budget Scene Setting 2024-27. The Cabinet noted the projected MTFS budget position and the actions being taken to address the budget gap. The Corporate Director, Resources, and Interim Director of Finance, Procurement and Audit are to take action.

Full council record

Purpose

This report sets out the issues and actions which inform the development of the Council’s Medium Term Financial Strategy (MTFS) 2024-27 and budget for 2024-25 including timescales and next steps.

Decision

  1. Note the current projected MTFS budget position in paragraph 3.2.2.
  2. Note the actions set out in section 3.4 that are being taken to address the budget gap.

Action by: CORPORATE DIRECTOR, RESOURCES (JULIE LORRAINE) (Interim Director of Finance, Procurement and Audit (John Harrison)

Supporting Documents

MTFS and Budget Scene Setting 2024-27.pdf
Appendix A - MTFS Summary.pdf

Details

OutcomeRecommendations Approved
Decision date25 Oct 2023