Purpose

Cabinet is
recommended to note the Revenue and Capital Outturn for
2024/25.
 

Content

Cabinet:
 
(1)           
noted the Revenue position and the use of
£2.656 million drawdown from the Budget Strategy Reserve
(BSR) to achieve a net nil position;

 
(2)           
noted the Capital Outturn for 2024/25 and slippage
of £19.220 million, which represents 13% of the overall
budget;
 
(3)           
approved the slippage/accelerations listed in
Appendix 4 of the report;
 
(4)           
noted the outturn position in relation to the
Housing Revenue Account (HRA) and the transfer to reserves of
£1.388 million, to achieve a balanced position;
 
(5)           
noted the outturn position in relation to the
Dedicated Schools Grant and the increase in the deficit to
£5.379 million (an increase of £4.454 million in-year);
and
 
(6)           
noted the movement in Reserves in Appendix 3 of the
report.
 

Options & Alternatives Considered
Much of
this report is concerned with provision of information, for which
alternative options is not a relevant consideration. The
carry-forward proposals were considered and
are recommended for approval where there was sufficient
justification.