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RESOLVED that Cabinet –
 

(a)   notes the Council’s
in-year financial position at the end of December 2024 along with
the latest financial forecast update;

 

(b)   approves the proposed
adjustments to the 2024/25 budget as set out in Appendix H to the
Portfolio Holder’s report (A.5);

 

(c)   requests Officers to review
any potential longer term / on-going impact of the items set out in
Appendix H, as part of developing the forecast for further
consideration by Cabinet later in the year;

 

(d)   in respect of the additional
sum of £0.250m made available to support the delivery of
savings / efficiency plans and wider corporate priorities that is
set out in Appendix H, authorises the Chief Executive, in
consultation with the Portfolio Holder for Corporate Finance and
Governance to utilise this funding to support any associated work
and activities; 

 

(e)   notes the financial forecast
update set out in this report (A.5) and requests Officers, in
consultation with Portfolio Holders to further develop the forecast
and associated savings and efficiency plans for presenting to
Cabinet later in 2025/26;

 

(f)    in respect of the
budget for 2025/26, authorises the Corporate Director (Place and
Economy), in consultation with the Portfolio Holders for Leisure
and Public Realm and Corporate Finance and Governance to adjust the
sports and leisure facilities budgets as necessary to better
reflect the current experienced income and expenditure positions,
but with no net overall impact on the Council’s wider
budgeted position; 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.