Decision
Analysis
outcome: The recommendations were approved unanimously by the Cabinet.
summary: The decision at stake is the approval of a budget timetable and financial strategy to support a balanced budget for 2027/28.
topline: The Cabinet has decided to approve a budget timetable and financial strategy to support a balanced budget for 2027/28.
reason_contentious: This issue is not particularly contentious as it is primarily focused on complying with accounting codes of practice and best practices.
affected_stakeholders: ["Finance department", "Cabinet members", "Council staff"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
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