Issue - meetings

Medium Term Financial Strategy 25/26-27/28 - Key Decision

 

 

Meeting: 04/12/2024 - Council (Item 50)

50 Medium Term Financial Strategy 25/26-27/28 - Key Decision - EXB53 pdf icon PDF 505 KB

          RECOMMENDED: That the Board

 

1)    the Medium Term Financial Strategy be approved;

 

2)    the 2025/26 base budget be prepared on the basis of the underlying assumptions set out in the Strategy;

 

3)    the Reserves and Balances Strategy be approved;

 

4)    the award of Council Tax Support for 2025/26 remains at the 2024/25 level of 21.55%; and

 

5)    Council approve the submission of an application to Government for Exceptional Finance Support.

Minutes:

          Council considered a report of the Director of Finance, which detailed the Medium-Term Financial Strategy from 2025/26 – 2028/29 which had been produced using a prudent estimate of the financial conditions over the course of the next four years. The report also set out details of the application to the Ministry of Housing, Communities and Local Government for Exceptional Financial Support

 

          RESOLVED: That

 

1)    the Medium Term Financial Strategy be approved;

 

2)    the 2025/26 base budget be prepared on the basis of the underlying assumptions set out in the Strategy;

 

3)    the Reserves and Balances Strategy be approved;

 

4)    the award of Council Tax Support for 2025/26 remains at the 2024/25 level of 21.55%; and

 

5)    Council approve the submission of an application to Government for Exceptional Finance Support.