Purpose

To present the 2024/25 Outturn Finance
Position.

Decision

Resolved:
 
1.   
That the final revenue position of a £1,015,000 underspend
for 2024/25, as detailed in Table 1, be noted;
 
2.   
That Full Council approve the transfer of the £1,015,000
surplus to Volatility Reserve; and
 
3.   
That the final BTAC revenue position of £86,000 and the
transfer of the surplus to BTAC Reserve be noted.

Reasons for the decision

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 to ensure that they can make
informed decisions that are affordable and financially sustainable
for the Council.

Alternative options considered

To not approve the outlined position.