Decision details

To consider a mid-year review of the MTFP including any reprioritisation of capital schemes.

RESOLVED that

     1.          the 2022/23 forecast position General Fund be noted;

     2.          the emerging pressures and risks set out in the report be noted; and

     3.          the position regarding the General Fund capital programme and individual capital projects be noted.

Reason:

The annual General Fund budget is a major decision for the Council and setting a balanced budget is a statutory requirement. The worsening economic climate necessitates a review of the MTFP in the light of its financial impacts on the council: the Council must act quickly to ensure the risk of a net budget shortfall is addressed so that the Council can continue to function.

This report follows up on actions identified in the outturn report agreed by Executive in July. Scrutiny of this MTFP through a Mid-Year Review demonstrates transparency and good governance.

[This report is for noting and therefore not subject to call-in]