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RESOLVED:
 
1. 
Noted the overall financial position of the Council and
in particular the overspend and the initiatives set out to mitigate
this, as at September 2024.
2. 
Approved the 2025-26 Local London Business Rates Pool
recommendations set out in Appendix 4.
3. 
Noted the Revised MTFP 2025-26 to 2027-28 attached at
Appendix 5 and the revised budget gaps (2025-26 £35.814m,
2026-27 £49.281m and 2027-28 £67.230m)
 
REASONS FOR DECISION
 
To facilitate financial management and control
of the Council's finances.
 
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND
REJECTED
 
This budget monitoring report is primarily an
update on the Council’s financial position.