Purpose

To note the outturn position for the year and
approve earmarked reserves.

Decision

RESOLVED that Cabinet:
 

i.      
notes the outturn expenditure for 2024/25, subject to audit, of
£96.614m, which represents an underspend of -£0.742m
compared with the approved budget.
 

ii.    
approves the budget carry forward of £0.011m (see paragraph
6.9).
 

iii.   
approves the earmarked reserves as set out in Annexe C.
 

iv.   
approves the virements up to £0.100m relating to the 2024/25
budget (see Annexe D).

 
RECOMMENDED
that Council:
 
i.      
notes the Treasury Management performance in 2024/25 as set out in
Annexe B.

 
ii.    
approves the virements over £0.100m relating to the 2024/25
budget (see Annexe D).

Reasons for the decision

The recommendations are intended to inform the
Cabinet of financial performance
against budget in the 2024/25 financial
year.

Alternative options considered

The report sets out the Council’s actual
financial performance in 2024/25 and the
consideration of options is not therefore
appropriate.