Decision

The Cabinet has decided to set the medium term financial strategy for the next three years, impacting various stakeholders and services within the community.

Analysis

outcome: The Cabinet agreed to the financial strategy, budget setting timetable, inter-directorate budget movements, and noted the risks associated with the Transformation programme.

summary: The decision involves setting the medium term financial strategy for the next three years for the Council.

topline: The Cabinet has decided to set the medium term financial strategy for the next three years, impacting various stakeholders and services within the community.

reason_contentious: This issue may be contentious as it involves financial decisions that could impact various services and stakeholders within the community.

affected_stakeholders: ["Council members", "Council staff", "Local residents"]

contentiousness_score: 6

political_party_relevance: There may be implications of political influence as the decision involves budget allocations and financial planning.

URL: https://democracy.croydon.gov.uk/ieDecisionDetails.aspx?ID=2786

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: This report sets out the Council’s medium term financial strategy for the next three years.  It will set a clear path forward for the Council’s 2027-28 budget setting process and a framework for this to operate within.  

Content: This report sets out the Council’s medium term financial strategy for the next three years.  It will set a clear path forward for the Council’s 2027-28 budget setting process and a framework for this to operate within.   For the reasons set out in the report and its appendices, the Executive Mayor and Cabinet AGREED to:   2.1 Agree the financial strategy as set out throughout the report.   2.2 Note the proposed budget setting timetable set out in Appendix D.   2.3 Agree the 2026/27 inter-directorate budget movements (virement) as set out in paragraph 13.4 and Table Seven.   2.4 Note the risks associated with delivery of the Transformation programme as set out at paragraphs 13.3 to 13.9 and the reduction to the savings target of £4.7m for future years for this programme.  

Date of Decision: July 29, 2026