Issue - decisions

i.       the Council’s predicted current year financial position summarised in Table 1 and detailed in Annex A is noted.

ii.     Endorses the actions agreed by the Corporate Management Team to help contain expenditure in the current year as set out under paragraph 5.4 are endorsed.

iii.    the Council’s predicted medium-term financial prospects based on the

assumptions detailed in paragraphs 5.9 to 5.16 and summarised in Table 2 is noted, which is subject to development of detailed draft budget proposals for 2024/25 and future years and to confirmation of the local government finance

settlement in December.

iv.    the Executive will be asked at its November meeting to recommend to Full Council a Flexible Use of Capital Receipts Strategy, that will provide funding from capital resources to secure additional capacity needed to drive transformation change to help secure a sustainable future financial position.

v.     the proposed use of the Council’s funding to support delivery of affordable housing as set out in paragraphs 5.20 to 5.22 is agreed.