URL: https://cardiff.moderngov.co.uk/ieDecisionDetails.aspx?ID=2384

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose: To update Cabinet on the budget gap for the forthcoming year 2026/27 and the MTFP which includes consideration of the financial position and requisite savings targets. To outline the Budget Strategy approach as well as outlining considerations to be given with respect to income and the Budget Timetable Framework.

Content: To update Cabinet on the budget gap for the forthcoming year 2026/27 and the MTFP which includes consideration of the financial position and requisite savings targets. To outline the Budget Strategy approach as well as outlining considerations to be given with respect to income and the Budget Timetable Framework. RESOLVED: that   1.               the budget principles as set out in the report, on which the Budget Strategy will be based and the approach to meeting the Budget Reduction Requirement both in 2026/27 and across the period of the Medium-Term Financial Plan be agreed.   2.       directorates work with the relevant Portfolio Cabinet Member(s), in consultation with the Corporate Director Resources and Cabinet Member for Finance, Modernisation and Performance to identify potential savings to assist in addressing the indicative budget gap of £38.4 million for 2026/27 and £126.9 million across the period of the Medium-Term Financial Plan.   3.       authority be delegated to the Chief Executive, in consultation with the Leader and Cabinet Member for Finance, Modernisation and Performance, to implement any saving proposal in advance of 2026/27 where no policy recommendation is required or where a policy decision has already been taken.   4.       it be noted that work will continue to update and refresh the Medium-Term Financial Plan and that this will be reported to Members as appropriate.    5.       it be proposed that  Council agree that the Budget Timetable Framework set out in Appendix 2 be adopted, and that the work outlined is progressed with a view to informing budget preparation.   6.       it be agreed that consultation on the 2026/27 budget proposals will take place when the detail of options is available in order to inform the preparation of the draft 2026/27 Budget.  

Date of Decision: September 18, 2025