Financial Position Update

November 26, 2024 Cabinet (Cabinet collective) Approved View on council website
Full council record

Purpose

An update on the Council's financial position
for 2024/25

Decision

To agree the £1.85M adjustments to be
made to directorate budgets to reflect sustained favourable
variances reported at month 7 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

Cabinet - Tuesday, 26th November, 2024 4.30 pm on November 26, 2024

Supporting Documents

MRD1 - GF Revenue Forecast as at the end of Sept 2024.pdf
MRD2 - Details of savings delivery as at the end of Sept 2024.pdf
Financial Position Update.pdf
Appendix 2 - Treasury Management as at end Sept 2024.pdf
MRD5 - Collection Fund Forecast as at end of Sept 2024.pdf
Appendix 3 - Prudential Indicators as at end Sept 2024.pdf
MRD3 - Key Financial Risks as at the end of Sept 2024.pdf
Appendix 1 - Financial Position Update Report Month 7.pdf
MRD4 - Performance Indicators as at the end of Sept 2024.pdf

Details

OutcomeRecommendations Approved
Decision date26 Nov 2024
Subject to call-inYes