Purpose

To report on the Revenue Budget on a quarterly
basis

Content

RESOLVED
 
KEY DECISION
 
That the Executive:
 
a)   
Noted the Council’s forecast outturn position
for 2024/25 for the following:
 
i)     
General Fund as
summarised in Section 4, alongside the further analysis, risks and
other considerations as set out in Section 5 of the
report.
 
ii)             
Housing Revenue Account (HRA)
as set out in Section 6 of the report
 
iii)           
Dedicated Schools Grant (DSG)
as set out in Section 7 of the report.
 
b)   
Noted the release of £45k of the contingency
budget to fund the pay award.
 
c)   
Noted the assessment of the current deliverability
of the 2024/25 General Fund savings proposals as set out in
Appendix A.
 
 
Reason for Recommendations – to note the forecast
financial position for 2024/25 as at Period 3 and consider the
impact on this year and future years budgets.
 
Alternative Options Considered: The report focuses on the
forecast revenue outturn against budget for 2024/25 and makes
recommendations for the Executive to note the current budgetary
position as such there are no specific choices within the
report.