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Agenda item

Budget 2026-27 and Medium Term Financial Strategy

Purpose:

To present the Revenue Budget for 2026/27, Capital Programme and Medium-Term Financial Strategy for 2026/27 to 2029/30.

 

Recommendations:

Cabinet is requested to consider and approve for recommendation to Council:

1.    the Medium-Term Financial Strategy set out in Annex B

2.    the Budget Pressures and Savings for inclusion in the budget, set out in Annex C

3.    the Council Tax Requirement of £7,419,716 for this Council

4.    the Council Tax level for Cotswold District Council purposes of £163.93 for a Band D property in 2026/27 (an increase of £5)

5.    the Capital Programme, set out in Annex D

6.    the Annual Capital Strategy 2026/27, as set out in Annex E

7.    the Annual Treasury Management Strategy and Non-Treasury Management Investment Strategy 2026/27, as set out in Annex F

8.    the Strategy for the Flexible use of Capital Receipts, as set out in Annex H

9.    that £2m is set aside in a new earmarked reserve Council Priority: LGR Transition through the releasing of £2m of the balance currently held in the Financial Resilience Reserve.

10. the balances and reserves forecast for 2026/27 to 2029/30 as set out in Section 7 of the report.

 

Cabinet is further recommended to approve delegation to the Council’s Deputy Chief Executive, in consultation with the Chief Executive, Leader, and Cabinet Member for Finance

1.    To agree changes to the General Fund Summary arising from the Final Local Government Finance Settlement and the Business Rates Retention Scheme estimates prior to submission to Council.

Supporting documents:

 

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