URL: https://democracy.lichfielddc.gov.uk/ieDecisionDetails.aspx?ID=758

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose: To note the progress on the development of the Medium Term Financial Strategy

Content: To note the progress on the development of the Medium Term Financial Strategy The Cabinet:   1.1.         Approved the approach in para 1.7 of the Cabinet report to develop the refreshed Medium Term Financial Strategy.   1.2.         Approved that funding of £150,000 previously allocated to homelessness pods be redirected towards the delivery of additional temporary accommodation. This approach will better support both former rough sleepers and the broader temporary accommodation needs within the district.   1.3.         Delegated to the Cabinet Member for Finance and Commissioning, responsibility to agree the form and timetable for the Budget Consultation covering 2026/27.   1.4.         Recommended to Council to update the Medium Term Financial Strategy to:   •       Increase the revenue budget for Local Government Reorganisation from £10,000 to £40,000 as ·       the Council’s share of all research and modelling necessary to support the business case. •       Increase the Disabled Facilities Grant capital budget in 2025/26 by £497,000 from £879,000 to ·       £1,376,000 funded by additional Better Care Fund grant. •       Approve the addition of a new project of £120,000 to the Capital Programme in 2025/26 funded ·       by Rural Shared Prosperity grant for small scale grants in micro and small rural businesses. •       Approve a revenue budget of £600,000 for 8 new apprentices funded by the Collection Fund ·       Surplus in 2024/25 of (£491,000) and (£109,000) of available General Reserves.

Date of Decision: June 23, 2025