Purpose

To report the provisional financial outturn
position for 2024/25 for revenue and capital budgets, subject to
external audit. The 2024/25 outturn shows a net underspend of
£0.5 million after the use of reserves and implementation of
recovery plan actions.

Decision

That: Cabinet
 

a)   
review the financial outturn for 2024/25, as set out in the
appendices A-E, and identifies any additional actions to be
considered to achieve future improvements; and
 

b)   
agree the transfer of the reported underspend of £0.5 million
to increase the General Fund Balance.