Agenda item

Report attached

The following were agreed:

·         Noted the revenue and Capital financial positions at Period 3 and the action plans being taken by services to reduce the overspend (section 4)

·         Noted the Medium Term Financial Strategy and agree the budget timetable set out in section 5

·         Agreed the Public Consultation process set out in section 6

The July Finance Review 2022/23 was presented to Cabinet.

Members noted that the majority of the budget is spent on Adult and Children’s services, which overspent in the previous year, and the Council would need to make a saving of £70 million over the next 4 years. Members expressed concern with the level of savings to be made and agreed that lobbying the Government for additional funding needed to continue.

The following were agreed:

·         Noted the revenue and Capital financial positions at Period 3 and the action plans being taken by services to reduce the overspend (section 4)

·         Noted the Medium Term Financial Strategy and agree the budget timetable set out in section 5

·         Agreed the Public Consultation process set out in section 6