Decision Maker: Eastbourne Borough Council Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: December 11, 2024

Purpose: To consider and approve the council’s medium term financial strategy.

Content: (Non-key decision):   (1) To note the updated MTFS forecasts and the requirement to identify additional savings for the period 2025/26 to 2028/29.   (2) To note that this forecast could change based upon government funding settlement announcements and demand for services and pressures upon the council.   (3) To note that at this stage and considering the assumptions for contingencies a forecast £2.06m of savings are required to balance the 2025/26 budget; and   (4) To note the planned annual review of earmarked reserves which aims to reallocate them in line with the emerging risks.