Medium Term Financial Strategy

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The Medium Term Financial Strategy sets out the council's financial framework for five years. It outlines the main expenditure pressures and budget plans that will meet strategic aims while also demonstrating how this will be financed.

The plan is updated and rolled forward annually and is a key tool in the strategic financial planning framework.

Objectives:

To set financially sustainable budgets
To retain a balance of £2.5m in the General Revenue Reserve
To ensure resources are directed to the council's strategic aims
To consider and adapt to the prevailing financial climate
To present to stakeholders indicative budgets and Council Tax levels for the medium term

The current Medium Term Financial Strategy is for the period 2022/23 - 2027/28.

Contact: The Finance team

Last updated on 14/06/2023

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