Decision

The Cabinet has decided to approve the Medium-Term Financial Strategy and identify a 5-year General Fund savings requirement.

Analysis

outcome: The recommendations were approved by the Cabinet.

summary: The decision at stake is the approval of the Medium-Term Financial Strategy 2025/26 to 2029/30 and the identification of a 5-year General Fund savings requirement.

topline: The Cabinet has decided to approve the Medium-Term Financial Strategy and identify a 5-year General Fund savings requirement.

reason_contentious: This issue may be contentious as it involves financial planning and potential budget cuts which could impact various stakeholders.

affected_stakeholders: ["Council's Strategic Leadership Team", "Chief Finance Officer", "Cabinet", "Council"]

contentiousness_score: 5

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

URL: https://democracy.dacorum.gov.uk/ieDecisionDetails.aspx?ID=2457

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: Cabinet 1.Approved the Medium-Term Financial Strategy 2025/26 to 2029/30 as set out in Appendix A to the report. 2.Noted the 5-year General Fund savings requirement of £2.5m between 2025 – 2030. 3.Noted that the Chief Finance Officer will work with the Council’s Strategic Leadership Team and Cabinet to deliver options that will achieve the medium-term saving targets identified within the strategy. 4.Agreed that The Chief Finance Officer be requested to revise the Medium-Term Financial Strategy and re-present to Cabinet and Council for approval if material changes to forecasts are required following future Government announcements.

Date of Decision: July 8, 2025