On 11
October 2022 Cabinet noted:-
(i) The impact of the
economic situation on the assumptions used in the Medium-Term Financial Plan
(MTFP) since budget approval in February 2022;
(ii) The approach for the
development of the budget for 2023/24 which will continue to focus on alignment
of resources to the Corporate Plan and delivery of value for money services;
(iii) Developing best in
class services that deliver on economy and efficiency, by:
-
a review of base budgets to identify
opportunities for savings via:
* reduced expenditure for planned growth and inflation;
* acceleration of
expenditure reduction;
-
income generation plans;
-
a review of reserves to ensure they are being
used effectively and their application in the budget process;
(iv) The budget timetable,
including timeframes for the engagement with citizens and businesses;
(v) The estimated risks and
mitigations so far identified as set out in the report.
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 17 OCTOBER 2022.