Decision Maker: Corporate and Resources Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: November 21, 2024

Purpose:

Content: RESOLVED that –   1.    the forecast outturn position in respect of the General Fund for 2024/25, be noted;   2.    The management actions that have been implemented to help mitigate the in year forecast overspend, be noted;   3.    the 2024/25 forecast outturn position on the Housing Revenue Account, be noted;   4.    the forecast in respect of the Schools Budget and the Dedicated Schools Grant (DSG) for 2024/25, be noted;   5.    the forecast outturn position in respect of the capital programme for 2024/25, be noted;   6.    The reprofiling of a number of capital budgets be approved, which has the effect of decreasing capital budgets by £45.433m in 2024/25, and increasing capital expenditure budgets by £45.433m over the three year period 2025/26 2027/28, as outlined in Annex 1 be approved;   7.    Changes to existing capital schemes resulting in budget no longer required of £2.157m as detailed in para 14 of the updated agenda report be approved.