Issue - meetings
Medium Term Financial Strategy 2024/25 - 2028/29
Meeting: 19/07/2023 - Mayor and Cabinet (Item 18)
18 Medium Term Financial Strategy 2024/25 - 2028/29 
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Additional documents:
Decision:
It was MOVED, SECONDED and RESOLVED to
1. Note the risks with regards to current year budget reduction measures, the persistent overspends and the uncertainty of future government funding; and the potential for this to impact negatively on the forecast balanced budget position for 2024/25; and
2. Agree the 2024/25 to 2027/28 Medium Term Financial Strategy (MTFS) and outline approach being taken to identify budget reduction proposals required to meet the remaining estimated budget gap of £15m over the next four years
Minutes:
Having considered an open officer report, Cllr De Ryk MOVED, Cllr Krupski SECONDED and it was RESOLVED to
1. Note the risks with regards to current year budget reduction measures, the persistent overspends and the uncertainty of future government funding; and the potential for this to impact negatively on the forecast balanced budget position for 2024/25; and
2. Agree the 2024/25 to 2027/28 Medium Term Financial Strategy (MTFS) and outline approach being taken to identify budget reduction proposals required to meet the remaining estimated budget gap of £15m over the next four years