Purpose

To present the latest medium-term financial
plan (MTFP) of the council

Content

RESOLVED that Cabinet:
-

(a)          
approved the budget timetable and process as set out in Appendix
B; 

(b)          
endorsed the scenario planning exercise that guides the
potential level of activity that may now be needed to present a
legally balance budget for 2026/27; and

(c)          
approved the financial strategy designed to support the ongoing
delivery of a balanced 2026/27 Budget and MTFP as set out in
Appendix C.
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 comply with the Councils Constitution and the requirement to
have as a minimum a 3-year Medium Term Financial Plan

To provide Cabinet with the latest high-level
overview of the medium-term financial plan.
To present a proposed
financial strategy to support the ongoing delivery of a balanced
budget for 2026/27