Purpose

The report sets out a summary of the current
financial position for the Council at the end of the first quarter
of 2024/25 forecasting to the year end for members
consideration.

Decision

RESOLVED:
 
1.   
That the forecast revenue position of a £148k underspend
for 2024/25, as detailed in Table 1 within the report, and the need
for continued focus on the savings and efficiency programme be
noted;
 
2.   
That the reserve transfer of £296,307 into the budget, in
respect of Project Funding that has been set aside on the balance
sheet for that use, be approved;
 
3.   
That the reserve transfer of £260,000, to the Capital
Reserve in respect of a VAT refund received in year, be approved;
and
 
4.   
That the amendments to the Capital Programme, to take into
account the changes set out in Appendix A – Table 5 within
the report, be approved.