URL: https://modgov.lbbd.gov.uk/internet/ieDecisionDetails.aspx?ID=4288

Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: The Cabinet will be presented with an update on the Council’s MTFS for 2024/25 to 2026/27 and the Budget Strategy 2025-26, and will be asked to approve any appropriate updates or amendments to reflect the latest position.

Content: The Cabinet will be presented with an update on the Council’s MTFS for 2024/25 to 2026/27 and the Budget Strategy 2025-26, and will be asked to approve any appropriate updates or amendments to reflect the latest position. Cabinet resolved to:   (i)  Note the latest MTFS projections and forecast budget gap for 2025/26 of £25.9m;   (ii)  Note the assumptions set out in the report underlying those forecasts as well as the financial risks and uncertainties;   (iii)  Note the outline budget setting timetable for 2025/26 as set out in section 10 of the report; and   (iv)  Approve the Budget Strategy and approach to setting the 2025/26 budget as set out in section 9 of the report.

Date of Decision: July 23, 2024