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*RESOLVED
–
 
That it be recommended to Full Council
 

1.  
That the draft General Fund Revenue, Capital Programme outturn and
Housing Revenue Account outturn positions for 2024/25 be noted.
 

2.  
That the allocation of the 2024/25 General Fund Revenue underspend
be approved as follows;
 
·       
£730k to be set aside to support the 2025/26 budget, in line
with the approved Medium Term Financial Plan (MTFP)
·       
£336k to be allocated to the Property Repairs Fund
·       
The remaining balance of £801k be prudently transferred to
the Budget Risk Reserve
 

3.  
That the allocation of £300k from the 2024/25 Housing Revenue
Account underspend be approved to support delivery of the voids
reduction programme in 2025/26 as set out in paragraph 4.31.
 

4.  
That the transfer of any surplus from the Business Rates Pool, over
and above the budgeted £350k, to the Business Rates Risk
Reserve (paragraph 4.12) be approved.
 

5.  
That the level of and movement in General Fund Revenue Reserves and
Provisions (paragraphs 4.13 to 4.17) be approved.
 

6.  
That the General Fund and Housing Revenue Account Capital financing
arrangements (Appendix A and B) be approved.
 

7.  
That the accelerated use of capital receipts flexibility of
£134k to fund ICT transformation costs incurred in 2024/25 be
approved and that the 2025/26 provision for capital receipts
flexibility be reduced by a corresponding amount (Paragraph
4.27).
 
REASONS FOR
DECISIONS
 

1.  
This report forms a key part of formal revenue and capital
monitoring against the approved 2024/25 budgets. The information in
this report will be incorporated into the published Statement of
Accounts 2024/25.
 

2.  
The approval of the budget outturn, in-year movements and reserves
are required by corporate financial procedures.
 

3.  
To consider the reserves position given the challenges facing the
Council over the period of the Medium-Term Financial Plan (MTFP),
including the need to contribute, along with other Derbyshire
Councils, towards the transitional costs associated with local
government reorganisation.