Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: August 19, 2025

Purpose: The Cabinet will be presented with an update on the Council’s MTFS for 2025/26 to 2027/28 and will be asked to approve any necessary budget adjustments.

Content: Cabinet resolved to:   (i)  Note the updated local government financial context and wider developments, as set out in section 2 of the report;   (ii)  Consider and approve the Budget Strategy and approach to setting the 2026/27 budget, as set out in section 3 of the report;   (iii)  Note the latest MTFS projections and forecast budget gap for 2026/27 of £12.6m as set out in section 4 of the report;   (iv)  Note the assumptions underlying the MTFS projections as well as the financial risks and uncertainties, as set out in sections 4 and 11 of the report;   (v)  Note the Housing Revenue Account, Schools and Capital budget strategy and approach, as set out in sections 5, 6 and 7 of the report; and   (vi)  Note the outline budget setting timetable for 2026/27, as set out in section 8 of the report.