Purpose

To provide
Cabinet with an integrated finance and performance update against
Our City: Our Plan priorities for 2024-2025.

Content

That Cabinet note:
1.   
That the General Fund projected outturn for 2024-2025 is currently
projecting an underspend of £160,000.
2.   
That the Housing Revenue Account (HRA) projected outturn for
2024-2025 is currently projecting pressures of £2.2 million
which would reduce the amount available to finance the capital
programme.
3.   
That the Director of Finance had approved write-off of debts
against the expected credit loss provision as detailed in Appendix
3 to the report.
4.   
That the Strategic Risk Register was last approved by Cabinet on 12
June 2024 and the latest reiteration detailed in Appendix 4 to the
report would be presented to Audit and Risk Committee on 25
November 2024.
 
That Cabinet approve:
1.   
The use of £300,000 from the Public Health Reserve to fund
costs related to children’s mental health as detailed in
paragraph 8.7 of the report and establishment of associated
supplementary budgets.

 
2.   
The use of £400,000 from the Insurance Reserve to fund
anticipated premium costs and costs of claims as detailed in
paragraph 8.8 of the report and establishment of associated
supplementary budgets.

 
3.   
29 virements totalling £11.3 million on the General Fund, for
transfers within directorates, as detailed in Appendix 6 to the
report.
 
4.   
Delegation to Director of Finance to action pay award virements as
detailed in paragraph 4.10 and included in Appendix 6 to the
report.
 
5.   
The write-off of debts against the expected credit loss provision
as detailed in Appendix 3 to the report.
 
6.   
The General Fund Budget Risks 2024-2025 register as detailed in
Appendix 5 to the report.
 
7.   
The Strategic Risk Register as detailed in Appendix 6 to the
report.
 
8.   
The establishment of supplementary budgets within 2024-2025 as
detailed in Section 7 of the report.