RESOLVED:

1.    That Cabinet agreed the latest amendments to the draft Capital Programme 2022-2026 and referred them to the Overview and Scrutiny Commission on 20 January 2022 for consideration and comment.

2.    That Cabinet noted the details contained in the Provisional Local Government Finance Settlement 2022-26 and the implications for Merton’s MTFS as summarised in Appendix 1.

3.    That Cabinet considered and approved the Council’s draft Capital Strategy and Treasure Management Strategy for 2022/23.

The Deputy Leader and Cabinet Member for Finance, Performance, Recovery and the Local Economy thanked Tobin Byers for his work as the previous Cabinet Member for Finance and presented the report and recommendations. It was noted that further updates were expected in February.

The Director of Corporate Services advised that there were a number of potential changes which were still unconfirmed including details of the final settlement and results of meetings with the DFE in relation to the DSG.

It was noted that the Business Plan was currently going through the Scrutiny process.

RESOLVED:

1.    That Cabinet agreed the latest amendments to the draft Capital Programme 2022-2026 and referred them to the Overview and Scrutiny Commission on 20 January 2022 for consideration and comment.

2.    That Cabinet noted the details contained in the Provisional Local Government Finance Settlement 2022-26 and the implications for Merton’s MTFS as summarised in Appendix 1.

3.    That Cabinet considered and approved the Council’s draft Capital Strategy and Treasure Management Strategy for 2022/23.