Decision details

MTFP Update Report

Decision Maker: Cabinet, Council

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To provide the latest progress on balancing the 2022/23 budget and the 5 year MTFP position

Decision:

RESOLVED that Cabinet note: -

(a)           the current budget position for 2022/23; and

(b)           the progress made in refreshing the MTFP and its extension to cover the five-year period to 31 March 2027.

Voting: Unanimous

Portfolio Holder: Leader of the Council

Reason

To comply with accounting codes of practice and best practice which require councils to have a rolling multi-year medium term financial plan.

To provide Cabinet with the latest high-level overview of the medium-term financial plan.

To ensure Members develop a balanced budget for 2022/23.

Report author: Nicola Webb

Publication date: 29/10/2021

Date of decision: 27/10/2021

Decided at meeting: 27/10/2021 - Cabinet

Effective from: 06/11/2021

Accompanying Documents: