Content

Cabinet received
a report on the projected General Fund (GF), Housing
Revenue Account (HRA) and Capital 2024/25 net expenditure which
sought approval to amend the General Fund, HRA and Capital budgets
as part of the quarterly revenue monitoring review.  The report also gave an update on the reserves and
balances available to support revenue expenditure and sought
approval for revisions to the allocated reserves.

It was RESOLVED:

1.           
That the 2024/25 first quarter projected net
decrease in General Fund expenditure of £617,420 be
approved.

2.           
That the cumulative changes made to the General Fund
net budget remains within the £400,000 increase variation
limit delegated to the Executive be noted.

3.           
That the proposed movement on reserves as detailed
in paragraph 4.2.1 be noted.

4.           
That the use of additional income from garages of
£75,000 to fund responsive garage works within the Capital
Garage Improvement Programmer (paragraph 4.1.7) be
approved.