Purpose

The purpose of the report is to ensure that
Cabinet is informed of the current financial position for the
Council against the Budget for 2024-25.?

Content

RESOLVED
that:-
 
(a) the following be
approved:
 

·      
the re-profiling to the Capital Programme of
£67.451 million from 2025-26 to 2026-27 to reflect estimated
expenditure levels in the current financial year.
 
(b) the following be
noted:
 

·      
the projected overspend on services of £3.334
million and the assumptions outlined in this report.

·      
the projected overspend on the HRA budget of
£1.372 million as detailed in Appendix J.

·      
the supplementary estimates at Appendix A and the
required changes to the budgets. 

·      
the delivery of the approved savings at Appendix
B. 

·      
the use of the contingency shown at Appendix
L. 

·      
the use of reserves shown at Appendix
M. 

·      
the virements requested by services within delegated
limits as shown in Appendix N.

·      
the details of capital project reprofiling shown at
Appendix O.