Financial Position Update - February

February 25, 2025 Cabinet (Cabinet collective) Approved View on council website
Full council record

Purpose

To consider the report of the Cabinet Member
for Finance and Corporate Services detailing an update on the
Council's financial position for 2024/25.

Decision

To agree the £0.28M adjustments to be
made to directorate budgets to reflect sustained favourable
variances reported at month 10 of 2024/25 due to transformation
measures, to be transferred to centrally held contingency to reduce
the reliance on Exceptional Financial Support (EFS), as set out in
paragraph 6.

Related Meeting

Budget, Cabinet - Tuesday, 25th February, 2025 4.30 pm on February 25, 2025

Supporting Documents

Financial Position Update - February.pdf
Appendix 1 - Financial Position Update Month 10.pdf
Appendix 2 - Treasury Management as at end of December 2024.pdf
MRD5 - Collection Fund Forecast as at end of December 2024.pdf
MRD1 GF Revenue Forecast as at the end of December 2024.pdf
MRD3 - Key Financial Risks as at the end of December 2024.pdf
Appendix 3 - Prudential Indicators as at end of December 2024.pdf
MRD2 - Details of savings delivery as at the end of December 2024.pdf
MRD4 - Performance Indicators as at the end of December 2024.pdf

Details

OutcomeRecommendations Approved
Decision date25 Feb 2025
Subject to call-inYes