Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: March 18, 2025

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.