Issue - meetings

To consider recommendations of the Cabinet in respect of:

·         2024/25 Draft Outturn Finance Update

(report of the Interim Director – Finance (S151) enclosed)

Consideration was given to the report of the Cabinet of 8 July 2025 which sought approval for the Cabinet’s recommendations.

2024/2025 Draft Outturn Finance Update

The Portfolio Holder for Finance presented the report which had been presented and discussed fully at Cabinet, and which covered in detail the following items:

·       General Fund Revenue Forecast

·       General Fund Capital

·       Reserves

·       Treasury

The purpose of the report coming to Council was to note the outturn position, agreeing to move the surplus to a specified reserve, approve reserve transactions taken during outturn and to approval the capital phasing from 2024/25 to 2025/26.

DECISION:

That the following be agreed:

1)    To transfer part of the surplus (£217,000) to the General Fund Reserve. 

2)    The transfer of part of the surplus (£100,000) to be transferred into a Parish Councils Loan Reserve pending the drafting of the loan scheme by officers for Cabinet in due course.

3)    The transfer of the HRA surplus (£13,000) to the HRA General Reserve.

4)    The approval of the reserves transactions and balances as set out in Appendix A (to the Cabinet report) - Table 3 for 24/25. 

5)    The approval of the 2024/25 capital outturn position presented in Table 4a (of Appendix A to the Cabinet report).

6)    The capital rephasing from 2024/25 to 2025/26 presented in Table 4c (of Appendix A to the Cabinet report). 

7)    The amendment to the Capital Programme at Appendix A (to the Cabinet report) – Table 5a to Table 5d considering the changes set out in the report.