Purpose

To consider the Quarter 4 Financial
Monitoring Report 2024/25.

Content

(a)          
That the draft revenue and capital outturn and
the financial performance for the year ended 31 March 2024 be noted.

 

(b)          
That the use of un-ringfenced reserves to support
the 2023/24 final outturn in addition to increasing the general fund balance in
line with financial strategy document, be approved.

 

(c)          
That a transfer of £4.4m reserves to a
ring-fenced reserve to support the Dedicated Schools Grant Safety Valve program
and realignment of existing earmarked reserves as set out in section 11.6 of
the report, be approved.