RESOLVED that Cabinet: -
(a) endorsed the scenario planning exercise set out in Appendix 1 that guides the potential level of activity that may now be needed to present a legally balance budget for 2027/28;
(b) approved the budget timetable and process as set out in Appendix 2; and
(c) approved the financial strategy designed to support the ongoing delivery of a balanced 2027/28 Budget and MTFP as set out in Appendix 3.
Voting: Unanimous
Portfolio Holder: Finance
To comply with accounting codes of practice and best practice which requires councils to have a rolling multi-year medium term financial plan.
To comply with the Councils Constitution and the requirement to have as a minimum a 3-year Medium Term Financial Plan
To provide Cabinet with the latest high-level overview of the medium-term financial plan.
To present a proposed financial strategy to support the ongoing delivery of a balanced budget for 2027/28.