Skip to content

Issue details

Medium Term Financial Analysis (MTFA) 2022/23 to 2025/26

1.    Note the forecast position;

2.    Note, as a planning assumption, core Council Tax increases of 2% each year;

3.    Note the additional pressures caused by the COVID crisis, and in response consider what further transformation savings are required, and lobby Central Government for additional financial support;

4.    Note that the Council’s current level of reserves provides a limited amount of time for action to be taken strategically in response to the COVID crisis and the more general financial position, but that firm actions will be needed, on current projections, to maintain financial stability in the short to medium term. These actions will include further co-operation with other key stakeholders, in particular the NHS; and

5.    Note that unless firm action is taken to contain pressures, deliver agreed savings, and focus any new spending on a small number of key priorities, the Council’s financial position will soon spiral out of control.


Decision type: Key

Reason Key: Expenditure/savings > £500,000;

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 16/09/2021

Scrutiny Committee: Overview and Scrutiny Management Committee;

Decision due: 20 Oct 2021 by Co-operative Executive

Lead member: Councillor Cate McDonald, (Executive Member for Finance and Resources)

Lead director: Executive Director, Resources

Department: Resources

Contact: Eugene Walker, Executive Director, Resources Email: Tel: 27 35167.

Date agenda documents available: 12/10/21


Agenda items