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Resolved –
 

(1)      That having
considered the Medium-Term Financial Strategy as an assessment of
the Council’s financial outlook to 2026-27, and a framework
for it to seek to remain financially viable and deliver sustainable
public services, in line with its priorities, that the updated
Medium Term Financial Strategy report and appendices (Document
“R”) be approved.

 

(2)      That the
Executive instructs the Chief Executive to draft an emergency
financial improvement plan which will help bridge the financial gap
the Council and the Bradford Children’s and Families Trust is
facing.

 

(3)      That the
Executive will receive regular updates and budget proposals to
address the financial gap prior to setting a budget for 2024-25 in
February 2024.

 

(4)      That the
Council continues its dialogue with Government regarding the
financial gap, particularly with regards to Bradford
Children’s and Families Trust.

 

(5)      That the
Council publishes a new financial plan after the Government’s
intentions regarding local authority finance are clearer. This
should be after the Government’s Autumn budget announcement
which is taking place on 22nd November 2023.

 

To be actioned by: Director of Finance    

 

Overview and Scrutiny Committee: Corporate

 
(Andrew
Cross – 01274 436823)