Content

 
DECISION
 
To accept the report and consider the final
financial position of the Council’s departments for 2024/25:
 


 


Column
A


Column B


Column C


Column CH


Column D





 


⁠Gross Over/(Under)
Spend 2025/25


Recommended
Adjustments


Adjusted
Over/(Under) Spend 2024/25




 


£ ‘000


£ ‘000


£ ‘000


£ ‘000


£ ‘000
 




Adults, Health
and Well-being
 


857


 


 


(757)


100




Children and
Families
 


3,805


 


 


(3,705)


100




Business and Care
Commissioning Service


(15)


15


 


 


0




Education
 


(191)


191


 


 


0




Economy and
Community
 


281


 


(281)


 


0




Highways,
Engineering and YGC
 


656


 


 


(556)


100




Environment
 


1,349


 


(1,100)


(149)


100




Housing and
Property
 


(3)


3


 


 


0




Corporate and Legal Management Team


(48)


48


 


 


0




Corporate Services
 


(42)


42


 


 


0




Finance


(5)


5


 


 


0
 



 
Noting that there is significant overspend by the Adults,
Health and Well-being Department, the 
Children and Families Department, the Highways, Engineering and YGC
Department, and the Environment Department in 2024/25 (please see column A in
the table above), Approve the following financial virements (which are
explained in Appendix 2 to the report) - 

·        
In line with the
Cabinet decision of 21 January 2025, to not allow departments to carry any
underspend into the next financial year by excluding clause 16.3.1. (C) of
the Financial Regulations (See column B in the table above).
·        
Confirm the
financial support of £281k above the contractual payment to Cwmni Byw'n Iach,
and use £1.1m from the Parc Adfer Contributory Earnings Recovery fund to fund
the overspend in the Waste field (See column C in the table above).
·        
The departments
that are overspending to receive one-off financial support, limiting the
level of overspend to be carried forward by the Department to £100k (See
column CH in the table above).
·        
On Corporate
budgets:
-       use (£5.144 million) of the underspend on corporate
budgets to assist the departments that have overspent in 2024/25.
-       the remainder of the underspend of (£1.548 million)
on Corporate budgets to be transferred to the Transformation Fund, to be used
for the Council's priorities.
 
Approve the amounts to be carried forward (the
“Adjusted Over/(Under) Spend” column in column D above and in Appendix 1).
⁠
 
The financial virements from the specific reserves were
approved as outlined in Appendix 3 following a review of the reserves:
-      
harvest £1.275
million from various funds and transfer it to the Transformation Fund.
-      
De-commit £375k of
historical or non-committed schemes in the Transformation Fund.
-      
Move £2.5 million
from the Financial Strategy Support fund to the Transformation Fund so that
they are available for the Council's priorities and to fund one-off bids into
the future.