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Resolved that
 
(a)       it
be noted that the outturn for 2024/25 had been delivered within
budget and was in line with the Administration’s commitment
to balance the Council’s budget with no reliance on
reserves;
 
(b)       it
be noted that during 2024/25, £150,000 was allocated to the
Cost-of-Living Crisis Fund;
 
(c)        it be noted
that the funding available for the Transformation Programme had
been increased by £216,000;
 
(d)       it
be noted that £100,000 had been allocated for the removal of
sunken vessels;
 
(e)       it
be noted that £400,000 had been set aside for future legal
costs relating to the Joint Waste Contract;
 
(f)        it be noted
that £1.75 million had been added to the interest
equalisation reserve in line with the Administration’s
commitment to build reserves and protect the future revenue
position from adverse interest rate movements;
 
(g)      
the street cleaning service be included within the core scope of
the joint waste and recycling collection contract with Elmbridge
Borough Council, Surrey Heath Borough Council and Mole Valley
District Council with an initial term of seven years commencing on
expiry of the current contract in June 2027, for a period expiring
in June 2034, with two further options to extend up to a maximum of
fourteen years (to 2048); and
 
(h)      
the supplementary revenue estimates of £181,000, as set out
in paragraph 6.2 of the report, be approved.