RESOLVED that Cabinet: -
(a) agree the current budget position for 2022/23 and the further improved MTFP position;
(b) approve the continuation of the current Local Council Tax Support Scheme (LCTSS) into 2022/23; and
(c) acknowledge the update on the key financial risks.
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.
To ask Cabinet to approve the continuation of the current LCTSS.