Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 8, 2025

Purpose: The purpose of the report is to inform Cabinet of the final outturn position (subject to audit) for the Council against the Budget for 2024-25.

Content: RESOLVED that:   The following be approved:   1.1     the net re-profiling to the Capital Programme of £67.286 million from 2024-25 to 2025-26 to reflect expenditure levels during the financial year.   The following be noted:   1.2     this final outturn is based upon the draft Statement of Accounts and is subject to external audit. 1.3     the net underspend of £0 177 million, after the utilisation of earmarked reserves, which was transferred to the Council’s Strategic Management Reserve. 1.4     the delivery of the approved savings at Appendix A. 1.5     the use of the contingency shown at Appendix K. 1.6     the schedule of movement in the Council’s reserves shown at Appendix L. 1.7     the virements requested by services within delegated limits as shown in Appendix M. 1.8     the details of capital project reprofiling shown at Appendix N.