Issue - meetings

Medium Term Financial Strategy 2026-27

 

 

Meeting: 11/12/2025 - Council (Item 129)

129 Medium-Term Financial Strategy 2026-27 pdf icon PDF 182 KB

This item was deferred from the Extraordinary Council Meeting held 17 November.

 

Additional documents:

Minutes:

Councillor Howkins requested that a recorded vote be taken for all remaining items on the agenda.

 

For

Councillors J Doran, Dunn, Arnold, Barker, Bateson, Beatty, Beecher, Boparai, Button, Caplin, S Doran, Geach, Gibson, Grant, Gyawali, Neall, Nichols, Rutherford, Sexton, Williams – 20 votes

Against

Councillors Attewell, Bing Dong, Boughtflower, Brennan, Buck, Clarke, Howkins, Lee, Saliagopoulos, Weerasinghe, Woodward – 11 votes

Abstain

0 votes

 

 

 

Council resolved to:

 

1.    Be informed and assured by the Draft Medium Financial Strategy set out in the report and that an updated strategy (reflecting impact of actual debt discount and refinancing rates achieved, and the outcome of the Fair Funding Review), as part of a Detailed Budget Report will come to the Corporate Policy and Resources Committee in January 2026 for consideration and approval; and

 

2.    Approve the proposed Flexible Use of Capital Receipts Strategy.

 

 

Meeting: 17/11/2025 - Council (Item 116)

116 Medium-Term Financial Strategy 2026-27 pdf icon PDF 182 KB

This is a draft report as it is to be considered by the Corporate Policy and Resources Committee on 11 November so may be subject to amendments.

 

Additional documents:

Minutes:

This item was deferred to the next Council meeting to be held on 11 December 2025.

 

Meeting: 11/11/2025 - Corporate Policy and Resources Committee (Item 112)

Medium-Term Financial Strategy 2026-27

Committee is asked to recommend that Council approve the:

1.    Draft Medium Term Financial Strategy

2.    Proposed Flexible Use of Capital Receipts Strategy

Additional documents:

Decision:

The Committee resolved to:

 

1.     Be informed and assured by the Draft Medium Term Financial Strategy set out in the report and that an updated strategy (reflecting the impact of actual debt discount and refinancing rates achieved, and the outcome of the Fair Funding Review), as part of a Detailed Budget Report will come to the Corporate Policy and Resources Committee in January 2026 for consideration and approval; and

 

2.     Approve the proposed Flexible Use of Capital Receipts Strategy.

Minutes:

It was proposed by Councillor Bateson, seconded by Councillor Beecher and resolved that the meeting continue until 22:30.

 

The Committee considered the draft Medium Term Financial Strategy and a proposed Flexible Use of Capital Receipts Strategy. The strategies would assist in mitigating the impact of the increased MRP. They would also mitigate the longer-term financial exposure of the Council and the successor unitary authority.

 

The Committee resolved to:

 

1.    Be informed and assured by the Draft Medium Term Financial Strategy set out in the report and that an updated strategy (reflecting the impact of actual debt discount and refinancing rates achieved, and the outcome of the Fair Funding Review), as part of a Detailed Budget Report will come to the Corporate Policy and Resources Committee in January 2026 for consideration and approval; and

 

2.    Approve the proposed Flexible Use of Capital Receipts Strategy.