Content

The
Committee RESOLVED:
To
note:
1.
The Council’s General Fund revenue outturn position in line
with the revised budget (see section 2 in Appendix A1a).
2.
The Council’s outturn position of £2.2 million
underspend within the Housing Revenue Account, to be transferred to
the HRA general reserve (see section 5 in Appendix A1a).
3.
The Council’s outturn position of a net £18.9 million
overspend in the Dedicated Schools Grant and, following the
application of the DfE’s 23/24 Safety Valve contribution of
£21.5 million, that a total £37.1 million is to be
carried forward in the DSG deficit reserve (see section 6 in
Appendix A1a).
4.
The breakeven position on Public Health services (see section 6 in
Appendix A1a).
5.
The council’s capital outturn position of £231.8
million representing an underspend of £42.1 million against
the revised Capital Programme Budget (as set out in Appendix A1b
and Appendix A6).
6.
The performance on delivery of savings (as summarised in section 4
in Appendix A1a and detailed in Appendix A2).
7.
The in-year collection levels for Council Tax and Business Rates as
set out in the report (see section 8 in Appendix A1a).
8.
The level of aged debt as at 31 March
2024 (see section 9 in Appendix A1a).
9.
The use of reserves and draft closing reserve balances (see section
10 in Appendix A1a).
The
draw down of £8.0 million of Flexible Use of Capital Receipts
to support delivery of the Top 5 Transformation programmes in line
with the approved strategy. Urgent Key Decision - Direct award to
provide additional capacity for new Care Act assessments at a cost
up to £0.700m during 2024/25.
10.
The Finance urgent key decision made on 13 March 2024 (No.35)
regarding Household Support Fund 2024 (Easter holidays free school
meals vouchers) for £0.681m
11.
The Urgent Key Decision made on 20 March 2024 to direct award to
provide additional capacity for new Care Act assessments at a cost
up to £0.700m during 2024/25.
12.
The key decision taken on 10 April 2024 regarding DFT Funding of
£0.606m for Traffic Signals.
13.
The key decision made on 19 March 2024, regarding Local Authority
Housing Funding Round 3 grant allocation for £7.279m Capital
and £0.057m Revenue funding, that the Executive Director for
Growth and Regeneration in consultation with the Cabinet Member for
Housing Delivery and Homes applies for, accepts and spends the grant funding.
 
To
approve (unanimously):
14. The transfer to or draw down from the General
Fund Reservein
order to balance the outturnposition following the final Statement of Accounts
(see section 2 in Appendix A1a).
15.
The transfer of £2.2 million to the HRA general reserve (see
section 5 in Appendix A1a).
16.
The reprofiling of up to £42.1m of the Capital
Programme’s 23/24 underspend into future years.
17.
The release of £46.6 million corporate funds (£28.1 m
for inflation, £11.3m for pay awards and £7.2m optimism
bias/savings contingency) as approved in the 2023/24 budget but not
initially allocated to directorates’ cash limits (see section
3 in Appendix A1a).
18.
The revised financial reporting timetable for 24/25 as set out in
Appendix A8.