Purpose

To present the Committee with the Period 12
provisional outturn report and identify any additional financial
approvals that are required.

Content

The Committee RESOLVED:
 
To note:
 
1. The council’s General Fund forecast
outturn revenue position of £(0.2) million underspend against
the budget (see Appendix A1a).
 
2. The performance on delivery of savings as
summarised in Appendix A1a and detailed in Appendix A2.
 
3. The council’s outturn position of
£(4.5) million underspend within the Housing Revenue Account
before £10.1 million contribution to the funding of capital
investment. This will result in the draw down of £5.5 million
HRA general reserve at the year end.
 
4. The council’s outturn position of a
£25.5 million overspend in the Dedicated Schools Grant and
that this brings the carry forward deficit to £62.6
million.
 
5. The breakeven position on Public Health
services.
 
6. The breakeven position on the Bristol
Harbour Fund.
 
7. The council’s underspend of
£(39.4) million against the Capital Programme revised budget
2024/25, comprised of £(32.8) million underspend on the
General Fund, £(6.4) million underspend on the HRA and
£(0.2) million underspend on the Bristol Harbour Account.
 
8. The in-year collection levels for Council
Tax and Business Rates as set out in section 8 of Appendix A1a.
 
9. The level of aged debt as at 31 March 2025
as set out in section 9 of Appendix A1a.
 
10. Use of reserves and draft closing reserve
balances as set out in section 10 in Appendix A1a.
 
11. The draw down of £8.9 million of
Flexible Use of Capital Receipts to support delivery of the Top 5
Transformation programmes in line with the approved strategy.
 
12. The Officer finance key decision (no. 42
– dated 24 March 2025) Household Support Fund 7 (Local Crisis
and Prevention Fund allocation for 2025/26) to approve the
allocation of £700,000 to the council’s Local Crisis
and Prevention Fund to help c.3,000 low-income households in
crisis.
 
13. The Officer finance key decision (no.43
– dated 17 April 2025) Household Support Fund 7 (free school
meal vouchers for May 2025 half term) to approve and spend
£352,500 to provide free school meal vouchers to 23,500
children over the May half term holidays.
 
14. And supports incorporation of the budget
management framework principles.
 
To approve (unanimous vote in favour):
 
1. The transfer to or draw down from the
General Fund Reserve in order to balance the outturn position
following the final Statement of Accounts.
 
2. The draw down from the HRA Reserve in order
to balance the outturn position following the final Statement of
Accounts.
 
3. The transfer of the DSG in year deficit to
the DSG Reserve following the final Statement of Accounts.
 
4. The reprofiling of up to £39.4
million of the Capital Programme’s 24/25 underspend into
future years.
 
5. The release of £46.5 million
corporate funds (including £20.3 m for inflation, £11 m
for pay awards and £10.6m optimism bias/savings contingency,)
as approved in the 2024/25 budget but not initially allocated.
 
6. The planned financial reporting timetable
for 2025/26.