Issue - meetings

To seek approval for the 2022/23 to 2025/26 Medium Term Financial Strategy (MTFS).

Members received the Medium Term Financial Strategy (MTFS) for 2022/23 to 2025/26. During discussion, reference was made to the following:

·         The high levels of uncertainty and risk to local government funding generally and the finances of the council

·         Business rates

·         New Homes Bonus

·         The garden waste collection charge

·         Reduction in government funding

·         Estimated increase in fuel costs

·         The wholly owned company

·         The crematorium development, for which a report would be presented to the next Scrutiny Commission.

Members thanked the finance team for their work on the document.

It was moved by Councillor Lynch, seconded by Councillor M Mullaney and

RESOLVED – the updated Medium Term Financial Strategy for 2022/23 – 2025/26 be approved.

To provide an update on the MTFS.

Members were provided with a presentation on the medium term financial strategy (MTFS) which would cover three outlooks due to the high level of uncertainty. The business rates reset remained the key risk as part of the fair funding review. It was noted that the MTFS would be reported to Council in July.