Decision details

(1)  That approval be given to the Medium-Term Financial Strategy and embedded Medium-Term Financial Plan as an estimate of the Council’s current financial position as at October 2023 noting that the figures will change as further updating takes place.

(2)  That the Director of Finance be authorised to commence a period of consultation regarding the savings opportunities referred to in Annex 6.

(3)  That the Guiding Principles be approved as a framework for financial planning for the period of the Medium-Term Financial Strategy.

(4)  That the Capital Planning Principles be approved to guide the preparation of the Capital Programme in the years ahead.

(5)  That the planned development of the Transformation Programme to date and through 2024/25 be noted and approval be given to endorse the extension of the transformational approach to other services of the Council.

(6)  That the Budget Timetable be noted.

(7)  That approval be given to submit to the Department for Levelling Up and Homes and Communities a proposal for the flexible use of capital receipts in financial year 2023/24 to support transformation and to delegate the approval of this proposal to the Portfolio Holder for Finance and Interim Director of Finance together with the Assistant Chief Executive and the Monitoring Officer.

(8)  That the Council be recommended to approve the Autumn 2023 update of the Medium-Term Financial Strategy at its next meeting