Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: May 13, 2025

Purpose: To present the latest medium-term financial plan (MTFP) of the council

Content: RESOLVED that Cabinet: - (a)           approved the budget timetable and process as set out in Appendix B;  (b)           endorsed the scenario planning exercise that guides the potential level of activity that may now be needed to present a legally balance budget for 2026/27; and (c)           approved the financial strategy designed to support the ongoing delivery of a balanced 2026/27 Budget and MTFP as set out in Appendix C. Voting: Unanimous Portfolio Holder: Finance Reason To comply with accounting codes of practice and best practice which requires councils to have a rolling multi-year medium term financial plan. To comply with the Councils Constitution and the requirement to have as a minimum a 3-year Medium Term Financial Plan To provide Cabinet with the latest high-level overview of the medium-term financial plan. To present a proposed financial strategy to support the ongoing delivery of a balanced budget for 2026/27