Content

9.1

The Committee considered a report of the Director
of Finance & Commercial Services which provided an update on
the financial challenges facing the Council throughout 2024-25 due
to increased service demands, rising costs, and reduced funding and
how the resulting overspend was being managed via the Future
Sheffield Programme, and formally recorded changes to the revenue
budget.

 

 

9.2

RESOLVED UNANIMOUSLY: That the Finance and
Performance Policy Committee:-

a)   
Notes the updated information on the 2024/25 Revenue Budget Outturn
as described in the report including the detailed committee budget
monitoring information and management actions
provided;

b)   
Approves revenue budget carry forward requests for 3
items:
                       
I.        
£58k South East
LAC
                     
II.        
£22.5k North LAC
                    
III.        
£40k Playing Pitch Strategy; and

c)   
Notes the final outturn information provided in the appendices to
the paper for the Capital programme and treasury management for the
Council.

 

 

 

 

9.3

Reasons for Decision

 

 

9.3.1

To record
formally changes to the Revenue Budget.

 

 

 

 

9.4

Alternatives Considered and
Rejected

 

 

9.4.1

The Council is required to both set a balance budget and to
ensure that in[1]year
income and expenditure are balanced. No other alternatives were
considered.