Purpose

Present progress in delivering a legally
balance budget for 2025/26

Content

RESOLVED that
Cabinet: -

(a)          
Acknowledges the ongoing progress being made to maintain a
balanced budget position for 2025/26 and MTFP.

(b)          
Endorses the latest position regarding the developing 2025/26
Budget and MTFP position.

(c)          
Approve the continuation of the current Local Council Tax
Support Scheme (LCTSS) into 2025/26.

(d)          
Request Portfolio Holders, Corporate Directors and Budget
Holders bring forward the necessary additional savings,
efficiencies and additional income proposals to enable the 2025/26
Budget to be balanced.
Voting: Unanimous
Portfolio Holder: Finance
Reason
To comply with
accounting codes of practice and best practice which requires
councils to have a rolling multi-year medium term financial
plan.
To provide Cabinet
with the latest high-level overview of the development of the
2025/26 Budget and 3-year medium-term financial plan with reference
to the ongoing conversation with DfE, MHCLG and CIPFA regarding the
difficulties presented by the accumulating DSG deficit.