Following consideration, the Committee unanimously resolved to agree:
(1) to note the recommendations of Financial Strategy Advisory Group held on 12 July 2024;
(2) the proposed approach to 2025/26 budget setting as set-out in the report to Financial Strategy Advisory Group at Appendix 2 to the report, in particular;
· That officers work to progress the workstreams set out in section 7 of Appendix 2 to the report to produce specific income generation and savings options, in addition to savings already targeted, to meet the projected budget deficit of £720,000 per annum by 2028/29;
· That the proposed Five Year Plan and the budget process are aligned to ensure that any commitments are affordable;
· The budget reporting timetable as supported by Financial Strategy Advisory Group.