Decision details

(Non-key decision):

(1) To note the updated Medium Term Financial Strategy (MTFS) forecasts and the requirement to identify additional savings of £2.1m for the period 2024/25 to 2027/28.

(2) To note that this forecast could change significantly based upon government funding settlement announcements and demand for services and pressures upon the council.

(3) To note that at this stage a forecast £1.6m of savings are required to balance the 2024/25 budget; and

(4) To note the planned annual review of earmarked reserves which aims to reallocate them in line with the emerging risks.