Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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.
Publication date: 09/05/2022
Date of decision: 21/02/2022
Decided at meeting: 21/02/2022 - Policy & Finance Committee