Purpose

This report sets out a proposed framework for
the 2025/26 MTFS refresh to enable the Council to respond
effectively to changing circumstances while maintaining a
longer-term focus on the Council’s financial
sustainability.

Decision

Resolved
 
That Cabinet
 

1)   
note the emerging financial position within which the 2025/26
budget and 2025-30 Medium-Term Financial Strategy will be
developed;
 

2)   
agree the strategic principles that will form the basis of the
Medium-Term Financial Strategy, as set out in paragraph 2.4;
 

3)   
subject to the agreement of the principles, approve the proposals
for the refresh of the 2025/26 Medium-Term Financial Strategy and
Capital Strategy, as set out in Sections 2 and 3;
 

4)   
note the requirement for the Authority to set a sustainable and
balanced budget which shows how income will equal expenditure over
the short- and medium-term; and
 

5)   
approve the timetable for agreeing the 2025/26 budget and
Medium-Term Financial Strategy Refresh.