Issue - meetings
Medium Term Financial Outlook
Meeting: 15/07/2024 - Cabinet (Item 8.)
8. Medium Term Financial Outlook PDF 916 KB
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). It also sets out the proposed budget setting strategy for 2025-26 and outlines how the MTFS will aim to provide a framework to invest in broader ambitions and long-term priorities such as the Borough Plan, the cost-of-living crisis and other future steps to ensure the Council continues to operate in a financially sustainable and resilient way as well as supporting residents in need.
Additional documents:
- 08a. Appendix A - Productivity in Local Government response, item 8.
PDF 169 KB
- Webcast for Medium Term Financial Outlook
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