Purpose

To
consider the 2024/25 Outturn report.

Content

(a)   
That the
draft revenue and capital outturn and the financial performance for the year
ended 31 March 2025, be noted

 

(b)   
That the
use of un-ringfenced reserves to support the 2024/25 final outturn as set out
in section 12, of the report to Cabinet of 24 June 2025, be approved

 

(c)   
That the
reallocation of the additional funding sources and budgets to the Weymouth
Harbour Walls Project as set out in section 14 of the report, be approved

 

(d)   
That
authority be delegated to the Executive Director for Place, in consultation
with the Cabinet Member for Place Services to approve spend decisions,
including procurement, contract award, and payment of invoices, within the
Total Scheme Budget for the Weymouth Harbour Walls Project as set out in
section 14 of the report.

 

Reason for the decision

 

To report the financial performance for the year and the
financial position at 31 March 2025. To give Cabinet
the opportunity to review the risks the organisation faced and consider areas
where it may wish to make strategic investments and/or to repurpose and
prioritise its reserves to facilitate these aims.