Medium Term Financial Strategy (MTFS) 2025/26 - 2029/30
Appendix 2 - conclusion
The factors and assumptions outlined above result in a forecast cumulative gap of £34.4m within the MTFS that is driven mainly by Social Care demand pressures and additional inflationary costs.
Achieving sustainable finances represents a formidable challenge for the reasons outlined in this report and some tough choices will need to be taken to achieve long term sustainability. It is essential that the delivery of Council priorities and achievement of priority outcomes is linked to resource allocation in a sustainable way.
Sound and responsible financial management will provide a strong foundation to deliver against the challenges outlined above. The Council has a strong track record of financial performance and will continue to use resources in the best possible way to help residents of the borough thrive.
The Medium Term Financial Strategy of the Council will be kept under review to ensure that the financial context within which the Council operates is understood and informs effective decision making in a dynamic environment.