Purpose

To consider an update to the Council's 5 Year
Financial Strategy and financial model for 2026-27 to 2030-31, and
recommend to Council the key financial principles and actions that
underpin the financial management of the Council, and the minimum
level of reserves for general purposes as recommended by the
Corporate Governance and Audit Committee.

Content

*RECOMMENDATIONS TO COUNCIL
 
That the Cabinet considers and recommends to
Council:
 
a)   
The key financial principles and actions which
underpin the financial management of the Council, and the Financial
Strategy set out in Appendix 1 Annex A to the agenda
report.
b)   
That the Council maintains a Minimum Level of
Reserves of £4m for general purposes, as recommended by the
Corporate Governance and Audit Committee.

 
RESOLVED
 
That the Cabinet:
 
Notes the updated 5 year Financial Model in
Appendix 2 and the Resources Statement in Appendix 3 to the
agenda.