Purpose

To consider the Council’s financial
forecast outturn position for Quarter 2 2024/25 and amendments to
the Capital Programme.

Content

RESOLVED:
1.            
That the GFRA forecast outturn of £3.076m against budget be noted, together with the
management action plan set out in this report.
2.            
That the Dashboards to support
the period 6 position be noted, which is set out in Annex A of this
report.
3.            
That the reserves position as
detailed in Annex B are 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 Annex C.
5.            
That the Cabinet recommend to
Full Council to approve the additional borrowing of
£4.001m to cashflow the remaining
delivery of the MK East (HIF) project
outlined in Annex C of the report in advance of the receipt of
Tariff contributions from the MK East.
6.            
The forecast outturn position
on the 2024/25 Capital Programme as an
overspend of £0.231m after
slippage of £17.973m as detailed
in Annex D of this report be noted.
7.            
That the Treasury Management
report including prudential indicators, as detailed in Annex E of
the report is referred to Council for approval.
8.            
That the virements to the
original budget as detailed in Annex F of the report are
approved.
9.            
That the Cabinet approved the
additions and amendments to resource allocation and spend approval
for the 2024/25 Tariff programme set
out in Annex G of the report.