Decision details

1.    Cabinet approved the Medium-Term Financial Strategy 2024/25 to 2028/29 as set out in Appendix A to the report.

2.    Cabinet noted a four-year General Fund savings requirement of £2.5m between 2025 – 2029.

3.    Cabinet noted that the Chief Finance Officer will work with the Council’s Strategic Leadership Team and Cabinet to deliver options that will achieve the medium-term saving targets identified within the strategy.

4.    Cabinet endorsed the Financial Planning Framework to support the budget setting process for 2025/26.

5.    Cabinet agreed that the Chief Finance Officer be requested to revise the Medium-Term Financial Strategy and re-present to Cabinet for approval if material changes to forecasts are required following future Government announcements

6.    Cabinet resolved to recommend that Council approves the fees and charges in appendices C-F, with the exception of garden Waste and garages fees that require further review prior to recommendation to Council. The car parking fees will be set through the ongoing parking tariff consultation and review process that is delegated to the Portfolio holder for Corporate and Commercial.