Decision

AGENDA ITEM 9: 2024/2025 OUTTURN REPORT
Decision
RESOLVED: To recommend the following to full
Council:
 
a)  The provisional outturn
position for the General Fund revenue account for 2024/25 (as shown
in Appendix A);
b)  The
transfers to and from reserves as detailed within the report (and
Appendix C);
c) The surplus of £0.622m be
transferred to the General reserve to mitigate future funding
shortfalls.
d) The balance on the General Reserve of
£2.825m following the transfer outlined
above.
e) The surplus of £0.384m relating
to retained business rates be transferred to the Business Rates
reserve.
f) The financing of the 2024/25 capital
programme as detailed within the report and at Appendix
D.
g) The updated capital programme for
2025/26 to 2030/31 and scheme financing as outlined within the
report and detailed at Appendix E;
h) Approval of additional funding to
cover capital project overspends of £10,816 as detailed in
paragraph 5.7.
i) The roll-forward of existing capital project funding
from 2024/25 into 2025/26 as detailed in paragraph 5.9.
j). To note the addition of £55,000 towards the New
Play Area (Sheringham, The Lees) to be funded from the Asset
Management Reserve in 2025/26 for a total project budget of
£120,000
k) The addition of £6,081 towards the Cromer Offices
LED Lighting in the Capital Programme to be funded from Capital
Receipts in 2025/26 for a total project budget of
£178,796.
l) The addition of £20,000 towards the Public
Conveniences (Sheringham & North Walsham) project in the
Capital Programme to be funded from Capital Receipts in 2025/26 for
a total project budget of £565,514.
m) The addition of the Holt Eco Learning Space scheme for
£100,000 into the 2025/26 Capital Programme to be funded by
an external contribution.
 
ACTIONS:

-       
Pg.36, 3.10, the total
income for 2024/25 Outturn should be amended to
£36,358
 

-       
Concerns were raised
about the impact of LGR on staff recruitment and wellbeing and
following advice from the Director of Service Delivery, it was
agreed that a report on this matter should be brought forward to
the Autumn, once the submission process for LGR had been
completed.