RESOLVED:

·       That Cabinet considered the MTFS and, subject to any amendment, recommended the 2023/24 budget of £645.741m outlined in the Budget Book at Appendix 3, to full Council for discussion and approval.

·       That Cabinet discussed the key changes since the December update of the MTFS and the advice relating to those changes, in particular

o   The public consultation and early results from that

o   The Alternative Budget process and its outcomes

o   The Financial Settlement and the outcomes for this Council

o   The Collection Fund outturn and the impact on next year

o   The latest budget forecast for the current year, the deterioration in the outlook, and the resulting likely impact on reserves in this year and next (also included in the MTFS assumptions)

·       That Cabinet noted that the Council papers will include the full budget report including all proposals to achieve the estimated MTFS position, but that some of those proposals will require further specific member approval, and possible consultation.

·       Agreed the adoption of the Capital Strategy 2022/23 – 2027/28 attached as Appendix 2.

·       That Cabinet noted that the budget report for Council will include the council tax resolution and the relevant decisions to be made in setting that.