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.?

Decision

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.