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Decision details
Medium Term Financial Strategy 2022/23 - 2025/26
Decision Maker: Cabinet, Full Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
The Council looks to forecast its financial position over the medium term in order to ensure it can align corporate objectives with available resources.
This Medium Term Financial Strategy (MTFS) seeks to identify the financial risks that will affect the annual budgets for each of the next 3 years.
Decision:
1. Approve the Medium Term Financial Strategy.
2. The Council take the robust actions necessary in this financial year and throughout the 2022/23 budget process to achieve a sustainable budget and maintain the minimum recommended level of unallocated reserves.
3. Service costs are reduced in this financial year to contain costs as detailed in Table 1 of this report, and that further savings be made where practicable.
4. Full Council to note the action taken and that there is potentially a greater call on Reserves in 2021/22Report author: Peter Grace
Publication date: 19/11/2021
Date of decision: 19/11/2021
Decided at meeting: 19/11/2021 - Cabinet
Accompanying Documents:
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