Purpose

The purpose of the report is to provide an
update on the revenue budget forecast outturn for the period to the
end of December 2024 (Quarter 3). The report also provides an
update on the council’s Medium Term Financial Position,
Dedicated Schools Grant, Housing Revenue Account (HRA), Collection
Fund and Capital Programme.

Content

The Cabinet has
considered an update on the revenue budget forecast outturn for the
period to the end of December 2024 (Quarter 3) which also provided
an update on the Dedicated Schools Grant, Housing Revenue Account,
Collection Fund, Reserves and updates to the Capital Programme and
has agreed to:-
 
(1) Note the Cash
Limit and Non-Cash Limit forecast outturn positions for 2024/25 as
at Quarter 3;
 
(2) Note the DSG, HRA
and Collection Fund forecast outturn positions for 2024/25 as at
Quarter 3;
 
(3) Note the update on
Reserves;
 
(4) Note the forecast
position for the 2024/25 Capital Programme;
 
(5) Note the changes
to the Capital Programme and re-phasing of schemes during Quarter
3; and
 
(6) Note the 2024/25
Capital Programme Prudential Indicators.

Alternative options considered

None.