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1.1. To note the overall provisional outturn position reported
across the Council’s departments. (Paragraph 2.2) Section 3
–
 
General Fund
1.2. To note the overall provisional General Fund (GF) outturn
position. (Table 1)
1.3. To note the breakdown of the forecast GF outturn by
variance at Appendix 1 and service area at Appendix 2. (Section 3,
Table 1, and Appendices 1 & 2)
1.4. To note the virements and budget adjustments posted up to
Q4 (Appendix 2 and Section 3)
1.5. To note progress on delivering the 2024/25 agreed budget
savings. (Appendix 3) 1.6. To note the forecast Collection Fund
outturn position for council tax and national
non[1]domestic rates (NNDR). (Paragraphs
3.104-3.116)
 
Section 4
General Fund Earmarked Reserves
Allocations
1.7. To agree in relation to Earmarked Reserves:
·
The transfers to/from reserves, the movements between reserves and
the provisional GF balances (Section 4)
·
Specifically, for the Executive to approve all reserves transfers
above £0.500m. (Paragraphs 4.3).
 · To delegate
authority to the Section 151 Officer to agree any further movements
to/from reserves related to finalising the 2024/25 Statement of
Accounts (Paragraph 4.4)
 
Section 5 – Housing Revenue
Account
1.8. To note the forecast Housing Revenue Account (HRA) outturn.
(Section 5 and Appendices 1 & 2)
1.9. To agree in relation to Earmarked Reserves:
·
The creation of a new HRA ‘New Build Feasibility’
earmarked reserve for the revenue cost of new build feasibility
(Paragraph 5.6)
·
That the un-budgeted surplus on the HRA for 2024/25 be transferred
to the major repairs reserve to help fund future investment within
the HRA (Paragraph 5.7)
 
Section 6 – Capital
Programme
1.10. To note the capital outturn of £225.646m in 2024/25
(Section 6, and Appendix 4) and the revised multi-year capital
programme and how it will be financed. (Appendix 5)
1.11. To note the requested capital reprofiling with future
financial years and budget adjustments approved by the Section 151
Officer.
1.12. To approve the capital additions and reductions detailed
in 6.20 and 6.21.
 
Section 7 – Debt Write-Offs
1.13. To note, and where necessary, agree to debt write-offs.
(Section 7)
 
Section 8 – New Council Homes
Programme Contract Variations
1.14. To note that the current forecast projected final accounts
for new homes construction contracts, are not expected to exceed
the total budget of £124.6m approved by Executive in March
2024.(Section 8 and Exempt Appendix 1)
1.15. To approve the award of contract variations for new homes
construction contracts up to the sums as set out. (Section 8 and
Exempt Appendix 1)
 
AGREED 1. Recommendations
2. That thanks be expressed to
officers and Councillor Ward (former Executive Member for Finance
and Performance) for all tier work in achieving a balanced
budget
– as detailed in the report
– as detailed in the report
– none