URL: https://democracy.bcpcouncil.gov.uk/ieDecisionDetails.aspx?ID=930

Decision Maker: Overview and Scrutiny Board, Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose: To update Cabinet on the MTFP

Content: RESOLVED that Cabinet: - (a)           endorsed the scenario planning exercise set out in Appendix 1 that guides the potential level of activity that may now be needed to present a legally balance budget for 2027/28; (b)           approved the budget timetable and process as set out in Appendix 2; and (c)           approved the financial strategy designed to support the ongoing delivery of a balanced 2027/28 Budget and MTFP as set out in Appendix 3. Voting: Unanimous Portfolio Holder: Finance Reason To comply with accounting codes of practice and best practice which requires councils to have a rolling multi-year medium term financial plan. To comply with the Councils Constitution and the requirement to have as a minimum a 3-year Medium Term Financial Plan To provide Cabinet with the latest high-level overview of the medium-term financial plan. To present a proposed financial strategy to support the ongoing delivery of a balanced budget for 2027/28.  

Date of Decision: June 24, 2026