Purpose

The purpose of this report is to seek the LCCAs approval for the budget for the 2026/27 financial year and the Medium-Term Financial Strategy (MTFS) for 2027/28. In seeking approval, the report also requests the LCCA's endorsement of refreshed financial policies, including the 2026/27 Treasury Management Strategy, to ensure the LCCA’s financial governance remains robust and aligned with best practice.

In considering the 2026/27 Budget the LCCA is asked to:

i.  Note and have regard to the advice of the Chief Financial Officer in relation to the robustness of the budget and estimates contained therein and the adequacy of reserves (Appendix 'A' - Annex 'B')

ii.  Note that the LCCA budget does not require consultation as it is not a levying authority at this stage.

Decision

The Lancashire Combined County Authority approved the recommendation(s) as set out in the report.