Decision details

*RESOLVED –

1.    That the updated budget projections for 2021/22, which forecast a balanced position, be noted.

2.    That the progress made in the development of the budget for 2022/23 and the Medium-Term Financial Plan (MTFP) for years 2022/23 to 2025/26 be noted.

3.    That the progress made in the development of the Organisation Development Programme and the incorporation of budget savings into an overall change programme be noted.

4.    That Cabinet votes that work continues to refine the draft estimates for 2022/23 and future financial years, and to identify ways in which a balanced budget can be achieved, and that this will form part of the MTFP Council report in February 2022.

REASON FOR DECISIONS

1.    To present an updated assessment of the Council’s forecast outturn for 2021/22 and progress in addressing the deficit in year.

2.    To set out the context of the financial environment for the medium-term and present the Council’s first phase of its draft budget and MTFP setting proposals for 2022/23 to 2025/26.