Decision Maker: Cabinet

Outcome: Decision Made

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 5, 2024

Purpose: To receive the financial position as at the end of September 2024.

Content: RESOLVED –   1.  That the Quarter 2 net expenditure on services year to the end of September 2024 was £8,306,000, £579,000 less than budget be noted.   2. That by year end the Council anticipates net expenditure of £16,070,000 on services, £1,245,000 under budget, an improvement of £212,000 compared to Quarter 1 be noted.   3. That the s151 Officer create a new Strategic Plan Reserve, the purpose of which is to build up funds to help deliver the projects within the Strategic Plan 2024-32 be approved.   REASON FOR DECISION: To show the actual expenditure on services compared to the revised budget for the period ending 30 September 2024, and the forecast outturn position, highlighting significant variances from the revised annual budget.