Decision details

·      That the Council is required to put in place a robust system to monitor and control its revenue budget, and a key element of that system is a Medium Term Financial Plan (MTFP). The plan sets out the Council’s budget strategy over the next two year period and sets out the assumptions which will be taken forward to the annual budget setting process;

·      to note the contents of the plan, to approve the assumptions made and to consider how to bridge the funding gap identified in the report as part of the process to set the 2023/24 revenue budget as detailed in Appendix 1 of the report.