Decision Maker: Cabinet, Council

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 4, 2025

Purpose: To consider an update to the Council's 5 Year Financial Strategy and financial model for 2026-27 to 2030-31, and recommend to Council the key financial principles and actions that underpin the financial management of the Council, and the minimum level of reserves for general purposes as recommended by the Corporate Governance and Audit Committee.

Content: *RECOMMENDATIONS TO COUNCIL   That the Cabinet considers and recommends to Council:   a)    The key financial principles and actions which underpin the financial management of the Council, and the Financial Strategy set out in Appendix 1 Annex A to the agenda report. b)    That the Council maintains a Minimum Level of Reserves of £4m for general purposes, as recommended by the Corporate Governance and Audit Committee.   RESOLVED   That the Cabinet:   Notes the updated 5 year Financial Model in Appendix 2 and the Resources Statement in Appendix 3 to the agenda.