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That Cabinet:-
 

(a)  
notes the Council’s in-year financial position at the end of
July 2024;

 

(b)   approves the proposed
adjustments to the 2024/25 budget, as set out in Appendix 1H to the
Portfolio Holder’s report (A.2), and requests Officers to
review the potential on-going impact in 2025/26 and beyond where
necessary as part of developing the forecast and detailed estimates
for further consideration by Cabinet later in the year;

 

(c)  
agrees that the Council continues to be a member of the Essex
Business Rates Pool in 2025/26 if it remains financially
advantageous to do so;

 

(d)   notes that £0.165m of
unspent external funding previously received via the North Essex
Health & Wellbeing Alliance, that has subsequently been carried
forward into 2024/25, is being returned to them in accordance with
the original agreement / MOU agreed by Cabinet on 17 September
2021;

 

(e)  
notes the payment of £0.092m to East Suffolk District Council
in-line with the previously agreed Freeport East Local Growth and
Investment Strategy;

 

(f)   notes the updated financial
forecast, as set out in this report, and requests Officers, in
consultation with Portfolio Holders to further develop the
financial forecast proposals alongside the development of the
Council’s priorities; and

 

(g)   invites the views of the Resources and Services
Overview and Scrutiny Committee on the information set out in this
report along with the Council’s wider financial position as
part of its work programme for the year.