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The Committee noted the report and
recommendations for Executive:-
 
a) Notes the underspend of £1.8m (0.3%)
for the 2023/24 financial year which will be added to the General
Fund balance.
b) Approves the draws and contributions to
earmarked reserves set out in appendix 11.
c) Approves to release £0.7m of
available earmarked reserves funding to the General Fund
balance.
d) Agrees to continue to receive monthly
budget monitoring reports in 2024/25 which sets out the forecast
outturn for the year with details of any mitigations and actions
being taken to address any forecast variances.
e) To note that the Collection Fund outturn
position is still being finalised. Any over/underspend will be
funded from/contributed to reserves. Any material changes to the
reserve position will be noted in a future report.
f) Approve the amendment to the Flexible
Capital Receipts Strategy to include the Adult Social Care
transformation programme, My Life, My Future (section 34/appendix
12).