Purpose

To present the Strategy and Resources Policy
Committee with the latest detailed financial outturn report and
identify any additional financial approvals that are required.

Content

The Committee RESOLVED:
To note:
1. The
council’s unchanged General Fund forecast outturn revenue
overspend of £22.3 million at P42024/25 against the council
approved budget of £533.7 million.
2. The unchanged
performance on delivery of savings (Appendix A1, Section 3, Tables
2a and 2b).
3. The unchanged
additional weighted net risk of £10.5 million per the risks
and opportunities register (Appendix A1, Section 4, Tables 3a and
3b).
4. The
council’s outturn position of £12.5 million overspend
within the Housing Revenue Account to be transferred to the HRA
general reserve at the year end
(Appendix A1, Section 5.2).
5. The
council’s outturn position of a net £13.0 million
overspend in the Dedicated Schools Grant following the application
of the DfE’s 24/25 Safety Valve combined with contribution
from the General Fund and that a total £50.1 million is
forecast to be carried forward at the year
end in the DSG deficit reserve (Appendix A1, Section
5.3).
6. The unchanged
breakeven position on Public Health services (Appendix A1, Section
5.4).
7. The unchanged
breakeven position on the Bristol Harbour Fund. (Appendix A1,
Section 5.5).
8. The
council’s unchanged forecast underspend of £6.4 million
against the Capital Programme revised budget 2024/25, comprised of
£7.0 million underspend on the General Fund and £0.6
million overspend on the HRA. (Appendix A1, Section 6).