Decision details

The Director of Resources and Deputy Chief Executive submitted a report to seek approval of the Council’s Medium Term Financial Strategy and Plan for the period 2024/25 to 2028/29.  The plan was annexed to the report and it included the implications of the latest budgets for both revenue and capital.

Members were advised that it was a key financial planning document and aimed to provide an assurance that the Council’s spending plans were affordable over the Medium Term.  It was important that it was understood by all members and staff.

It was noted that there was great deal of uncertainty around much of the document beyond the financial year 2024/25, however the document would continue to be reviewed annually to once again reflect the information at that point in time.

RESOLVED THAT COMMITTEE:

Approve the Medium-Term Financial Strategy and Plan for 2024/25 to 2028/29.