Decision details

To set out the current financial position for the Council at the end of the second quarter of 2024/25.

DECISION:

1)    That the forecast revenue position of a £214k underspend for 2024/25 as detailed in Table 1 and the need for a continued focus on the savings and efficiency programme, be noted.

2)    That the forecast revenue position of the HRA for 2024/25 (surplus of £199,000) as detailed in Table 2, be noted.

3)    That the amendments to the Capital Programme at Appendix A – Table 4 be approved to take into account the changes set out in the report.

4)    That the amendments to the HRA Capital Programme at Appendix A – Table 5 be approved to take into account the changes set out in the report.

·       To ensure the Council’s forecast financial position for 2024/25 is considered and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund and Housing Revenue Account to ensure that they can make informed decisions that are affordable and financially sustainable for the Council.

·       To not approve the reserve movements outlined.