Purpose

To report the outturn for the 2024/25 County
Council’s Revenue and Capital Budgets

To report on the Council’s performance and risk during
Quarter 4 of 2024/25

Decision

Cllr Colin Hay asked Cabinet to consider the Council's outturn expenditure for 2024/25, agree
recommendations and approve changes to the Capital Programme in
2024/25 and future years, as well as report on the Council’s performance and risk
during Quarter 4 2024/25
 
Having considered all of the information,
Cabinet noted the report and

RESOLVED to:
 
 
1.            
Note the 2024/2025 revenue budget underspend of
£13.836 million and approves that the £13.836 million
is transferred to Reserves as set out in paragraph 3.
 

2.         Approve other
technical reserve movements for 2024/25 as set out in Annex
2.
 

3.             
Note in section B the delivery of £26.445
million of savings against a target of £32.453 million in
2024/25; and notes the revised 2025/26 savings target as per
paragraph 35.
 

4.             
Approve the changes to capital programme of
transfers (virements) and funding increases, as detailed in
paragraph 55.
 

5.             
Note in section G the capital outturn position for
2024/25 of £131.912 million against a revised budget of
£147.385 million, giving an in-year slippage of £15.473
million.
 

6.             
Note in section H the Council’s performance
against the Prudential Indicators for 2024/25.
 

7.             
Note this report of the Council’s performance
and risks. To do this, the following are provided:

·      
Council Strategy updates

·      
Overview of Performance

·      
Performance Scorecard

·      
Risk Scorecard