Issue - meetings
Medium Term Financial Strategy
Meeting: 06/07/2022 - Mayor and Cabinet (Item 15)
15 Medium Term Financial Strategy 
PDF 360 KB
Additional documents:
Decision:
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Having considered an open officer report, and a presentation by the Cabinet Member for Finance and Strategy Councillor Amanda De Ryk, the Mayor and Cabinet agreed to:
· Note the risks with regards to current year budget reduction measures, the long term impact of Covid and the uncertainty of future government funding; and the potential for this to impact negatively on the budget reduction levels required for 2023/24; · Agree the 2023/24 to 2026/27 Medium Term Financial Strategy (MTFS) and outline approach being taken to identify budget reduction proposals required to meet the remaining estimated budget gap of £36m over the next four years; and · Agree the timetable for bringing forward budget reduction proposals and building the 2023/24 budget to Full Council in February/March 2023. |
Minutes:
Having considered an open officer report, and a presentation by the Cabinet Member for Finance and Strategy Councillor Amanda De Ryk, it was MOVED, SECONDED and RESOLVED that the Mayor and Cabinet:
· Note the risks with regards to current year budget reduction measures, the long term impact of Covid and the uncertainty of future government funding; and the potential for this to impact negatively on the budget reduction levels required for 2023/24;
· Agree the 2023/24 to 2026/27 Medium Term Financial Strategy (MTFS) and outline approach being taken to identify budget reduction proposals required to meet the remaining estimated budget gap of £36m over the next four years; and
· Agree the timetable for bringing forward budget reduction proposals and building the 2023/24 budget to Full Council in February/March 2023.