Decisions for issue General Fund Budget Planning and Resource Update 2023/24

RESOLVED: That the Committee –

(i)             Noted the potential funding and net expenditure projections for 2023/24, based on the three planning scenarios identified in the report;

(ii)            Noted the Medium Term financial projections for 2023/24 to 2026/27 and the predicted budget gaps based on a ‘midpoint’ planning scenario;

(iii)          Agreed that officers should draw up 4-year Medium-Term Service and Financial Plans (MTSFPs) and strategies, including budget proposals to manage the identified budget shortfall in 2023/24, and report back with draft budget proposals to the December Policy & Resources Committee.