Purpose

To consider the Council’s financial
forecast outturn position for Quarter 1 2024/25 and amendments to
the Capital Programme.

Content

RESOLVED:
1.            
That the GFRA forecast outturn
of £6.816m against budget be noted, together with the
management action plan set out in this report.
2.            
That the Dashboards to support
the period 3 position be noted, which is set out in the annex to
the report.
3.            
That the reserves position as
detailed in the the annex to the report be noted.
4.            
That the Cabinet approved the
additions and amendments to resource allocation and spend approval
for the 2024/25 capital programme set out in the annex to the
report.
5.            
That the forecast outturn
position on the 2024/25 Capital Programme as an overspend of
£1.545m after slippage of £0.218m as detailed in the
annex to the report be noted.
6.            
That the Treasury Management
report including prudential indicators, as detailed in the annex to
the report be noted.
7.            
That the increase in the
investment counterparty limits as noted in para 4.14 of Annex E of
the report be recommended to Council for approval.
8.            
That the virements to the
original budget as detailed in the annex to the report be
approved.