Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To receive a budget update for 2022/23.
(a) Noted the updated cost pressures set out in the paper and the validation work that had been carried out on them
(b) Agreed the assumptions being used in the Medium-Term Financial Plan (MTFP);
(c) Noted the financial gap arising from (i) and (ii) above;
(d) Agreed the 2022/23 draft principles for budget setting;
(e) Noted the approach to closing the budget gap that was set out in the paper, recognising that this was work in progress;
(f) Agreed that Portfolio Holders work with officers to continue to identify and develop savings opportunities;
(g) Noted the emerging national context set out in this paper;
(h) Endorsed the next steps and timetable leading up to the 2022/23 budget being presented to full Council on 15 February 2022.
Reason to note and receive the report
This paper was presented to Cabinet to provide an update on the budget gap for 2022/23 and the subsequent years of the MTFP and to update on progress on action/savings to date.
Report author: Jim McManus
Publication date: 07/10/2021
Date of decision: 05/10/2021
Decided at meeting: 05/10/2021 - Cabinet