Purpose

The purpose of the report is to inform Cabinet
of the final outturn position (subject to audit) for the Council
against the Budget for 2024-25.

Content

RESOLVED
that:
 
The following be
approved:
 
1.1     the net re-profiling to the
Capital Programme of £67.286 million from 2024-25 to 2025-26
to reflect expenditure levels during the financial year.
 
The following be
noted:
 
1.2     this final outturn is based upon
the draft Statement of Accounts and is subject to external
audit.
1.3     the net underspend of £0
177 million, after the utilisation of earmarked reserves, which was
transferred to the Council’s Strategic Management
Reserve.
1.4     the delivery of the approved
savings at Appendix A.
1.5     the use of the contingency shown
at Appendix K.
1.6     the schedule of movement in the
Council’s reserves shown at Appendix L.
1.7     the virements requested by
services within delegated limits as shown in Appendix M.
1.8     the details of capital project
reprofiling shown at Appendix N.