Decision

RESOLVED: Cabinet;
a)   
Noted the provisional outturn position for
2024-25
b)   
Noted the deliverability assessment of the
Council’s savings requirement for 2024-25 summarised in
section 8 and detailed in Appendix B
c)    
Noted the 2024-25 general fund reserve creation and
carry forward requests in Appendix C
d)   
Noted the Treasury Management Update in Appendix
D
e)   
Noted 2024-25 reserve balances in Section
10
f)     
Noted the 2024-25 HRA carry forward requests
detailed in Section 7
g)   
Noted additions to the flexible use of capital
receipts strategy detailed in Section 9
h)   
Recommended Full Council approves a £1.473m
General Fund Capital budget for additional capitalisation
identified in 2024-25
i)      
Delegated authority to the Executive Director,
Resources in consultation with the portfolio holder for finance to
apply any budget virements required to effectively manage the
overall budget.
 
REASONS RESOLVED:
To update members on the
financial position of the Council and ensure that the Authority
complies with its financial regulations.
 
ALTERNATIVE OPTIONS:
None