Decision details

The Business Manager – Financial Services presented a report concerning the Council’s Medium Term Financial Plan (MTFP) for 2022/23 to 2025/26.  A copy of the MTFP was attached as an appendix to the report.

The MTFP provided Members and Officers with a clear financial framework for delivering the Council’s Community Plan objectives over the next four financial years and maintaining the Council’s MTFP was an essential pre-requisite to the annual budget setting process for future years. 

The MTFP showed that the Council was able to set a balanced budget for 2022/23, though would need to reduce expenditure and or increase income to pay for service delivery in future years.

AGREED      (unanimously) that the Committee recommends the 2022/23 to 2025/26 Medium Term Financial Plan (MTFP) for approval by the Full Council at their meeting to be held on 8 March 2022.

Reason for Recommendation

To provide a framework to support the Council’s future spending plans.