Issue - meetings

To consider the report by the Cabinet Member for Finance and Corporate Services on the rebasing of the Medium Term Financial Strategy.

Decision Made: (CAB 24/25 45335)

On consideration of the report of the Cabinet Member for Adults and Health, Cabinet approved the following:

(i)  To approve the rebasing amendments to the MTFS and set out in Appendix 1.

(ii)  To agree the revised medium term financial forecast after the quarter 1 review and rebasing exercise for the period 2024/25 to 2028/29 and MTFS update commentary as set put in Appendix 1.

(iii)  To agree in year savings that are transformation related and recurrent in nature, a budget adjustment will be completed to remove the budget once there is evidence of achievement. This will be completed on a quarterly basis and used to offset the Exceptional Financial Support (EFS) requirement.

(iv)  To agree the next steps to developing the MTFS and creating a balanced budget including further developing the business planning framework to deliver savings going forward.