Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 31, 2025

Purpose: To present the 2024/25 Outturn Finance Position.

Content: Resolved:   1.    That the final revenue position of a £1,015,000 underspend for 2024/25, as detailed in Table 1, be noted;   2.    That Full Council approve the transfer of the £1,015,000 surplus to Volatility Reserve; and   3.    That the final BTAC revenue position of £86,000 and the transfer of the surplus to BTAC Reserve be noted.

Reasons for the decision: To ensure the Council’s forecast financial position for 2024/25 is considered and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund to ensure that they can make informed decisions that are affordable and financially sustainable for the Council.

Alternative options considered: To not approve the outlined position.