Purpose

Update on the councils projected resources for
2024/25 and budget planning process

Content

The Strategy, Finance & City Regeneration
Committee:
 
1)          
Note the potential funding and net expenditure projections for
2024/25.
 
2)          
Note the Medium Term financial projections for 2024/25 to 2027/28
and the predicted budget gaps over the period.
 
3)          
Note the proposed budget development approach and that officers
will use this to develop 4-year medium-term service and financial
plans and proposals for Budget Council consideration, including
specific budget proposals to manage the identified budget shortfall
in 2024/25.