Issue - meetings

Policy and Resources Strategy: financial remit 2024-25 and scene setting

 

 

Meeting: 10/07/2023 - Cabinet (Item 13)

13 Policy and Resources Strategy: Financial Remit 2024-25 to 2026-27

To note the three year medium term financial strategy (MTFS), the estimate budget gap and that the strategic director of finance, with the support of other strategic directors, will seek to prepare indicative savings options and commitments, for a three year period from 2024-25 to 2026-27.

Supporting documents:

Minutes:

RESOLVED:

 

1.  The three-year medium term financial strategy (MTFS) with an estimated general fund budget gap of £24m in 2024-25 rising to £50m, cumulatively, by 2026-27 based on the assumptions set out in paragraphs 30-43 of the report be noted.

 

2.  That it be noted that the strategic director of finance, with the support of other strategic directors, will seek to prepare indicative savings options and growth proposals for a three year period from 2024-25 to 2026-27.

 

3.  That it be noted that cabinet will receive further reports in the autumn as more information regarding funding is made available.