Purpose

This report recommends that the outturn
position for 2024/25 and the Treasury Management performance are
noted. The report recommends approval for carry forwards, the
allocation of underspends, variations or reprofiling of capital
projects, new capital schemes and new reserves.

Content

1)            
Cabinet notes that the provisional
General Fund outturn position is an underspend of £1.091m and
that this represents an improvement of £2.416m compared to
the projected and planned resource position at Month 9 and
taken into account when setting the
2025/26 budget.
 
2)            
Cabinet approves General Fund carry
forward requests totalling £4.283m as detailed in Appendix 5
and assumed within the provisional outturn.

 
3)            
Cabinet approves the proposed
allocation of additional resources as set out in paragraph
11.3.

 
4)            
Cabinet notes the provisional outturn
for the separate Housing Revenue Account (HRA), which is a
break-even position.

 
5)            
Cabinet notes the provisional outturn
position for the ring-fenced Dedicated Schools Grant, which is an
overspend of £0.680m.

 
6)            
Cabinet notes the provisional outturn
position on the Capital Programme which is an underspend variance
of £4.025m.

 
7)            
Cabinet approves the capital budget variations and
re-profiling requests set out in Appendix
7.

 
8)            
Cabinet approves new capital schemes requested in
Appendix 8.

 
9)            
Cabinet notes the Treasury Management end of year
review 2024/25 as set out in Appendix 10.