Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 28, 2025

Purpose: This report sets out the overall financial position facing the Council and highlights the significant risks, issues and uncertainties with regards to the Council’s Medium Term Financial Strategy (MTFS).

Content: Cabinet RESOLVED to:   (1)       Note the contents of the report and the potential financial impact on the Council’s Medium Term Financial Strategy.   (2)       Note the summary of the Spending Review and Local Government Funding reform consultations, as set out in section five of the report.   (3)       Agree the budget setting process for 2026/27, including the approach to consultation and scrutiny, as set out in section seven of the report.   (4)       Note and agree the proposed 2024/25 capital budget carry forwards and capital virements for 2025/26 as set out in section eight of the report.   (5)       Note the financial position with regards to the Housing Revenue Account, as set out in section nine of this report; and   (6)       Note the financial position with regards to Schools and the Dedicated Schools Grant, as set out in section ten of the report.   Eligible for call-in: Yes   Deadline for submission of call-in: 6pm on Monday 4 August 25