Purpose

To (i) consider
and note the financial outturn reports in relation to revenue,
capital and treasury management and (ii) make rollover decisions as
appropriate based upon the finalised financial position.

Content

RESOLVED –
 

1)   
That in relation to the General Fund, the revenue
outturn position of +£7.3m overspend for 2023/24 be
noted.

2)   
That the year-end position on reserves and balances
of £61.2m (excluding Statutory Reserves), particularly that
the level of general reserve at £25m is the desirable level
on a risk-based approach as presented to Members in the 2024/25
budget report be noted.

3)   
That the application of the Councils flexible
capital receipts strategy to the value of £3.3m applied
against eligible transformation costs in 2023/24 be
noted.

4)    
That the regular monitoring and review of corporate
reserves in 2024/25 to be  reported to
Cabinet as part of the Quarterly financial monitoring cycle be
noted.

5)    
That the year-end deficit position on the Collection
Fund of £8m, along with the position on the DSG as part of
the Council’s Safety Valve agreement be noted.

6)   
That in relation to the Housing Revenue Account, the
HRA revenue outturn position of +£1m deficit for 2023/24 and
the year-end reserves balance of £33.9m be noted.

7)   
That in relation to Capital, the Council capital
outturn position at £148.2m for 2023/24 be noted.

8)   
That the £22.3m capital slippage from 2023/24
to 2024/25 (as outlined at paragraph 3.6.13) of the considered
report be noted.

9)   
That the revised capital plan for the period 2024/25
onwards, after taking into account the re-phasing of schemes and
additional grant funding assumptions, be noted.

10)That
it be recommended to 17 July 2024 Council meeting for the
£0.75m additional borrowing for the in-house fleet for home
to school transport pilot.

11)That
the extension of the existing Property Investment Fund loan
facility for
Kingsgate shopping centre for a further 9 months, at the
prevailing interest rate (cost neutral for the Council) be
recommended for approval to 17 July 2024 Council
meeting.

12)That
the use of £0.14m Libraries Improvement Grant Fund towards
spend on the Kirklees Open Access pilot project be recommended for
approval to 17 July 2024 Council meeting.

13)That
the Review of Treasury Management activity for 2023/24 be
noted.