By early March each year the council is required by law to approve its budget and council tax levels for the forthcoming financial year. Full Council will meet in February 2021 to do this.
The budget setting process commences in October when the Medium Term Financial Strategy (MTFS) is considered. This provides an insight into the financial forecasts over the medium term (currently to 2024/25). The MTFS this year identified a forecast deficit of £3,456,000 for 2021/22 and a cumulative forecast deficit of £13,691,000 by 2024/25.
Following the MTFS the focus of work shifts to the coming financial year with the Budget Strategy, which outlines the council's proposals for the forthcoming financial year, including growth & savings proposals, as well as the review of Fees & Charges.
Following the agreement of the Budget Strategy a detailed draft budget is developed for the coming financial year.
Medium Term Financial Strategy Council Report 2021-22 to 2024-25 [240.49KB]
Medium Term Financial Strategy 2021-22 to 2024-25 final [318.45KB]
Medium Term Financial Strategy Reserves Policy 2020 - Appendix 2 Updated [223.92KB]
Medium Term Financial Strategy Summary 2021-22 to 2024-25 [137.75KB]
Budget Strategy 2021-22 [335.37KB]
Budget Strategy 2021-22 Appendix 1 [12.52KB]
Budget Strategy 2021-22 Appendix 2 [26.38KB]
Budget Strategy 2021-22 Appendix 3 [10.49KB]
Budget strategy 2021-22 Appendix 4 [28.22KB]
We would now like to hear your views on the specific budget proposals made (contained within the Budget Strategy) as well as feedback on the general spending and income generation priorities for 2021/22.
Please complete the below questionnaire to submit your feedback on these proposals. The consultation is open until Sunday 31January 2021.
Please complete the below questionnaire to submit your feedback on these proposals.
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