Issue - meetings

The Director of Resources presented an update to Cabinet on the Medium Term Financial Plan 2022/23 to 2024/25.

Members were advised that the financial position for the Council, similar to many local authorities, was challenging.  There was a need to maintain sufficient balances moving forward whilst also setting the budget in the Medium Term Financial Plan.  The majority of local government funding at a District Council level derived from Council Tax and business rates.  However, there was a lot of uncertainty about local government finances and future funding arrangements and this would need to be taken into account when setting the budget.

Cabinet was informed that this presentation followed the provision of more detailed information to Members at the local government finance training session that had been delivered earlier in the month.  Details would also be shared with scrutiny Members at meetings of the Finance and Budget Working Group.

RESOLVED that the presentation be noted.