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Appendix 1 - MTFS 2026-27 - 2027-28 v1.3

Committee report · Cabinet · Mon 1 Dec 2025 · Hastings Borough Council · agenda item 11

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Proposed · This went to the meeting on Mon 1 Dec 2025. What was decided is in that meeting's minutes.

The Medium-Term Financial Strategy (MTFS) sets out Hastings Borough Council's financial planning framework for 2026/27 to 2027/28. p1p3

This strategy is being proposed to address financial pressures including inflation, workforce costs and regulatory requirements. p4

The current forecast shows a cumulative deficit of £3.9m over the MTFS period, including £0.8m in the current financial year. p86

Based on current forecasts, the council is estimated to drop below its minimum General Reserve balance of £4m in the 2027/28 financial year. p87

Show the 5 passages this is based on
  • p1Medium Term Financial Strategy (MTFS) 2026/27 to 2027/28 Hastings Borough Council
  • p3I am pleased to introduce this Medium-Term Financial Strategy (MTFS), which sets out our financial planning framework for the period 2026–27 to 2027–28. The MTFS is a critical tool for ensuring that we maintain financial sustainability while continuing to deliver high-quality services to our community. It provides clarity on how we will manage resources effectively in the face of changing economic conditions and increasing demand for services.
  • p4This strategy is being proposed to address the challenges and opportunities that lie ahead. We are operating in an environment of financial uncertainty, with pressures from inflation, workforce costs, and evolving regulatory requirements. The MTFS enables us to take a proactive approach, ensuring that we plan ahead rather than react to short-term issues. By setting out clear priorities and financial principles, we can safeguard the organisation’s long-term viability.
  • p8648. The current forecast for the MTFS above shows that there is a cumulative deficit over the period of £3.9m. This includes £0.8m in the current financial year.
  • p8749. As per the table above and based on current forecasts it is estimated that the Council will drop below its minimum General Reserve balance of £4m in the 2027/28 Financial year.

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