Decision details

The MTFS provides an integrated view of the whole of the council’s finances and sets out objectives to be met, risks to be managed and the policies to be applied over the period.

The strategy sets out the following for consideration:

1. That the 2022-26 Budget and Medium Term Financial Strategy be approved;
2. That Cabinet provides direction on how the 2022-23 budget gap should be bridged; and
3. That Cabinet commits to the development of a long-term savings plan that exceeds £2m, in order to close the forecast medium term budget gaps.

Cabinet agreed that:

1.  The 2022-26 Budget and Medium Term Financial Strategy be approved;

2.  Cabinet provides direction on how the 2022-23 budget gap should be bridged;

3.  Cabinet commits to the development of a long-term savings plan that exceeds £2m, in order to close the forecast medium term budget gaps.

To set out the context of the council’s financial environment the council is operating in and the strategy to address the forecast budget deficit over the medium term.

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