Decision details
Medium Term Financial Outlook
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report sets out the overall financial
position facing the Council and highlights the significant risks,
issues and uncertainties with regards to the Council’s Medium
Term Financial Strategy (MTFS).
Decision:
Cabinet RESOLVED to:
(1) Note the contents of the report and the potential financial impact on the Council’s Medium Term Financial Strategy, as set out within the report.
(2) Agree the budget setting process for 2025-26, as set out in section nine of the report.
(3) Endorse the response to the Minister for Local Government on Brent’s productivity plans, as set out in Appendix A of the report.
(4) Note and agree the proposed 2023-24 capital budget carry forwards and capital virements for 2024-25 as set out in section ten of the report.
(5) Note the financial position with regards to the Housing Revenue Account, as set out in section eleven of the report.
(6) Note the financial position with regards to Schools and the Dedicated Schools Grant, as set out in section twelve of the report.
Eligible for call-in: Yes
Deadline for submission of call-in: 6pm on Monday 22 July 24
Reason Key: Affects more than 2 wards;
Wards Affected: (All Wards);
Contact: Benjamin Ainsworth, Head of Finance Email: benjamin.ainsworth@brent.gov.uk Tel: 020 8937 1731.
Report author: Benjamin Ainsworth
Publication date: 15/07/2024
Date of decision: 15/07/2024
Decided at meeting: 15/07/2024 - Cabinet
Effective from: 23/07/2024
Accompanying Documents:
PDF 916 KB