Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: June 24, 2025

Purpose:

Content: 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