Report of the Leader and Executive

April 23, 2024 Approved View on council website
Full council record
Content

Councillor Liz
Leyshon proposed the recommendations which were seconded by
Councillor Bill Revans.
 
Having been duly
proposed and seconded, the Council RESOLVED to
approve the Medium-Term Financial Strategy (MTFS) for 2025/26 to 2029/30
and the savings targets for 2025/26. 

 

At the Executive Meeting held on 8 April 2024, the
Executive further agreed:

·      
That the Council
continued with the aim of avoiding a section 114 notice by taking
all of the necessary actions and continuing to operate as if one
had been issued. 

·      
To receive an updated
Medium-Term Financial Plan in September 2024 which sets out the
latest forecasts of future service costs, income and funding from
2025/26 to 2029/30. 

·      
To continue actively
campaigning for the reform of funding of councils and greater local
freedoms. 

·      
That the Financial
Control Boards continued to operate in 2024/25 as set out in
Appendix 3.  

Supporting Documents

Appendix 4 - Development of risks for Somerset Council.pdf
Medium Term Financial Strategy 2025-26 to 2029-30.pdf
Report of the Leader and Executive for Decision - April 2024.pdf
Appendix 1 - High Level MTFP.pdf
Appendix 5 - S151 Assessment of current financial position.pdf
Appendix 3 - Financial Control Boards.pdf
Appendix 2 - Finance Achievements 2023-24.pdf

Details

OutcomeRecommendations Approved
Decision date23 Apr 2024