Decision Maker: Mayor and Cabinet

Outcome: Implemented

Is Key Decision?: No

Is Callable In?: No

Date of Decision: October 23, 2024

Purpose:

Content: It was MOVED, SECONDED and RESOLVED   (i)       To note the current financial forecasts for the year ending 31 March 2025, and that the Executive Management team continue to work on bringing forward further cost reduction measures to address the current financial position and deliver on those already proposed. (ii)      To note that the shortfall in savings and cost reduction measures identified will mean that the 2025/26 budget will need to be set using reserves, and that the balance will need to be added to the 2025/26 savings gap.