Purpose

To
receive the financial position as at the end of September
2024.

Decision

RESOLVED –

 
1.  That the Quarter 2 net
expenditure on services year to the end of September 2024 was
£8,306,000, £579,000 less than budget be
noted.
 
2. That
by year end the Council anticipates net expenditure of
£16,070,000 on services, £1,245,000 under budget, an
improvement of £212,000 compared to Quarter 1 be
noted.
 
3. That
the s151 Officer create a new Strategic Plan Reserve, the purpose
of which is to build up funds to help deliver the projects within
the Strategic Plan 2024-32 be approved.
 
REASON FOR DECISION: To
show the actual expenditure on services compared to the revised
budget for the period ending 30 September 2024, and the forecast
outturn position, highlighting significant variances from the
revised annual budget.