Issue - decisions

Financial Strategy

08/04/2024 - Medium-Term Financial Strategy (MTFS) 2025/26 to 2029/30

Following consideration of the officer report, appendices and discussion, the Executive:


1.      Recommends approval of the Medium-Term Financial Strategy (MTFS) for 2025/26 to 2029/30 and the savings targets for 2025/26 to Council.


2.     Recommends that the Council continues 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. 


3.     Agreed 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.


4.    Recommends to continue actively campaigning for the reform of funding of councils and greater local freedoms.


5.     Approved that the Financial Control Boards continue to operate in 2024/25 as set out in Appendix 3 of the report.