Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
The Strategic Director introduced the report which set out a summary of the medium-term financial projections published in January 2023, confirmed the budget review areas and timetable for consideration in 2023/24 and answered member’s questions thereon. The Forum were reminded of their commitment to closing the cumulative shortfall of £282k by the end of 2025/26 to maintain a 10% net expenditure reserve balance required in the medium-term financial strategy. The outcomes of the research work carried out by the Town Accounts Informal Group had been timetabled into the work programme to come forward to the Forum throughout 2023/24, as set out in the report.
In response to a comment raised, it was considered beneficial to invite the neighbourhood services team to a future meeting of the forum to outline the positive work carried out by the team to reflect of the cost to the town account. Councillor Scott agreed to discuss this matter with relevant team.
1. That the medium-term financial projections from 2023/24 to 2026/27, as set out in Appendix 1 of the report, be noted.
2. That the budget review area target timetable for 2023/24, be noted.
3. That the budget timetable for 2024/25, be noted
Report author: Darren Kennedy
Publication date: 19/07/2023
Date of decision: 15/06/2023
Decided at meeting: 15/06/2023 - Winchester Town Forum