Financial strategies

Medium Term Financial Strategy

The Medium Term Financial Strategy (MTFS) looks at how much money we expect to spend and how much we expect to collect as income over the next 3 years.

It considers:

  • nationally, what issues are affecting all local authority finances
  • locally, the best approach to managing our accounts and funds

We review, update and approve our MTFS together with our Capital Strategy as part of our budget process before each new financial year (1 April to 31 March).

Medium Term Financial Strategy 2022/23

Cabinet agreed a draft budget at their meeting on 12 January 2022 and referred their proposals to Corporate Overview and Scrutiny Committee on 18 January 2022.

On 9 February 2022, Cabinet considered an update report on the draft General Fund budget and Medium Term Financial Strategy. This included Corporate Overview and Scrutiny Committee comments.

Documents can be downloaded from: