Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: April 1, 2025

Purpose: To set out the current financial position for the Council at the end of the third quarter of 2024/25.

Content: DECISIONS:   1)    That the forecast revenue position of a £176,000 underspend for 2024/25 as detailed in Table 1, and the need for continued focus on the savings and efficiency programme be noted.   2)    That the forecast revenue position of the HRA for 2024/25 (surplus of £227,000) as detailed in Table 2 be noted.   3)    That the virement of £135,000 from other cancelled spending needs, to fund contract cost pressures be approved.   RECOMMENDATIONS FROM CABINET TO COUNCIL:   4)    That Cabinet recommends to Full Council to amend the Capital Programme at Appendix A – Table 4b to take into account the changes set out in this report.   5)    That Cabinet recommends to Full Council to amend the Capital Programme at Appendix A – Table 5a to take into account the changes set out in this report.