This decision considers the background to updating the Medium Term Financial Strategy (MTFS) and rolling it forward to cover the five-year period 2024/25 to 2028/29. It considers the issues and risks involved, starting with the Council’s current financial position, and sets out the key assumptions to be made in determining the strategy. The decision also the subsequent steps involved in developing an updated MTFS and agreeing budget proposals for 2024/25.
Decision type: Key
Reason Key: Expenditure > £250,000;
Decision status: For Determination
Wards affected: (All Wards);
Notice of proposed decision first published: 23/06/2023
Decision due: 26 Jul 2023 by Cabinet
Lead member: Cabinet Member for Corporate Services.
Lead director: Director of Finance and Business Improvement
Department: Finance and Business Improvement
Contact: Mark Green, Director of Finance, Resources & Business Improvement Email: markgreen@maidstone.gov.uk, Adrian Lovegrove, Head of Finance Email: adrianlovegrove@maidstone.gov.uk.