Issue - meetings

AGREED That Cabinet recommends the 2023/24 to 2026/27 Medium Term Financial Plan (MTFP) for approval by the Full Council at their meeting to be held on 9 March 2023.

The Leader and Portfolio Holder for Strategy, Performance & Finance presented a report concerning the Council’s Medium Term Financial Plan (MTFP) for 2023/24 to 2026/27.  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 4 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 2023/24, though would need to reduce expenditure and/or increase income to pay for service delivery in future years.

AGREED      (with 5 votes for and 1 abstention) that Cabinet recommends the 2023/24 to 2026/27 Medium Term Financial Plan (MTFP) for approval by Full Council at their meeting to be held on 9 March 2023.

Reasons for Decision:

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

Options Considered:

Not applicable