389 Medium term financial strategy PDF 585 KB
Additional documents:
Minutes:
In accordance with the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014, voting on this motion was recorded.
Councillors Bools, Bray, Cartwright, Cope, J Crooks, W Crooks, Flemming, C Gibbens, S Gibbens, Glenville, Green, Hodgkins, Lambert, Lynch, Moore, Linda Mullaney, Michael Mullaney, Pendlebury, Stead-Davis, Walker, Webber-Jones, Weightman and Williams voted FOR the motion (23);
Councillors C Allen and R Allen voted AGAINST the motion (2);
Councillors Cook, Harris, O’Shea, Simmons and Sutton abstained from voting.
The motion was therefore declared CARRIED and it was
RESOLVED –
(i) The update to the medium term financial strategy for 2024/25 to 2027/28, in particular the level of savings and new income required between 202/27 and 2027/28, be noted;
(ii) The use of earmarked reserves required over the life of the medium term financial strategy to support the general fund position be approved.
362 Medium term financial strategy 2024/25 to 2027/28 PDF 533 KB
To update members on the medium term financial strategy (MTFS) position for 2024/25 to 2027/28 in the context of significant uncertainty for local government in light of the recent government announcements on devolution and local government reorganisation.
Additional documents:
Minutes:
Members were updated on the MTFS position for 2024/25 to 2027/28. Concern was expressed about the cost of local government reorganisation and also the officer time required for making the necessary arrangements which may impact service provision. Members highlighted the impact of the increase in national insurance and it was noted that details for compensating authorities were not yet known.