Decision details

Medium Term Financial Strategy 2023/24 to 2026/27

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To recommend the MTFS, 2023/24 budget and Precept to


Cllr Lynden Stowe, Deputy Leader and Cabinet Member for Finance and Change, sought Cabinet approval to recommend the Medium Term Financial Strategy, (MTFS), 2023/24 budget and precept to Council.


Having considered all of the information, Cabinet noted the report and




1)    Consider the outcome of the budget consultation as set out in Appendix 2 and the report from the Corporate Overview and Scrutiny Committee (COSC) in Appendix 3.

2)    Approve the draft budget and to approve the MTFS and final revenue and capital budget for 2023/24 for recommendation to County Council, including all of the proposals set out in the annexes of the detailed MTFS (Appendix 1).


3)    Note the schools funding allocations, the provisional local government finance settlement and forecast reserve movements as summarised in this report and set out in the MTFS.


4)    Recommend to Council a revenue budget of £566.110 million, a band D council tax of £1,523.78 and consequential precepts on District Councils.


5)    Note the Capital Strategy and Treasury Management Strategy & Investment Strategy as set out in Annexes 7 & 10 of the detailed MTFS.


6)    Note the Risk Management Policy Statement & Strategy 2022-25 as set out in Annex 11 of the detailed MTFS for submission to County Council.

Report author: Deputy Leader and Cabinet Member - Finance and Change, Leader of the Council

Publication date: 25/01/2023

Date of decision: 25/01/2023

Decided at meeting: 25/01/2023 - Cabinet

Effective from: 02/02/2023

Accompanying Documents: