Decision details

RESOLVED:

1. That Cabinet note the 2022/23 Draft Budget and Medium-Term Financial Strategy to 2026/27, including progress to date in setting out spending pressures and efficiencies, as set out in Annex A.
2. That Cabinet note the provisional budget gap of £19.5m for 2022/23 and the next steps required to close the gap.
3. That Cabinet note the proposed Capital Programme for 2022/23 to 2026/27 of £1.9bn set out in Section 6 and Annex B.
4. That Cabinet note the Executive Summary of Resident Engagement set out in Section 9 and Annex C.

Reason for Decisions:

In January 2022, Cabinet will be asked to recommend a Final Budget for 2022/23 to full Council for approval in February. The draft budget sets out proposals to direct available resources to support the achievement of the Council’s corporate priorities in the refreshed Organisation Strategy, giving Cabinet the opportunity to comment on the proposals and next steps.

The draft budget also provides an update on the continuing transformational changes and the ‘Twin Track’ approach which are required to ensure that the Council can continue prioritising outcomes for residents, while managing growing demand for services and safeguarding future financial resilience and sustainability.

(The decisions on this item can be called-in by the Resources and Performance Select Committee)