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On 8 February 2022, Cabinet:-
(i) Reviewed the findings of the public engagement sessions on resource prioritisation and the Council’s response to that engagement as outlined in Appendix I to the report of the Financial Plan;
(ii) The level of risk and budget assumptions set out in the Section 25 Statement from the Chief Finance Officer as detailed in Chapters 7 of draft Financial Plan, as these underpin the revenue and capital budget decisions and planning assumptions;
(iii) Recommended the attached draft Financial Plan for consideration by the City Council on 22 February 2022, which lays out a net revenue budget of £759.2m and a capital budget of £1.2bn for 2022/23;
(iv) Noted that Corporate Directors will continue developing transformative budget proposals to meet the shortfalls in the period 2023/24 to 2025/26, with a view to balance up to 2024/25 by the end of March 2022 and bringing reports back to Cabinet early in summer 2022;
(v) Delegated authority to the Chief Finance Officer, in consultation with the Leader and Cabinet Member for Finance and Governance, to make any amendments or corrections to the draft Financial Plan 2022 - 2026 as detailed in section 3.3.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 14 FEBRUARY 2022.
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