Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 24, 2025

Purpose: To review the financial position of the authority and adjust financial information as appropriate

Content: RESOLVED:   That Cabinet:   A: Note the financial reporting data for period 10 (January) relating to revenue budgetary control, showing a forecast net adverse variance of £7.602m when corporate and funding items are included.   B: Note the contents of Section 7 of the report and appendices 5a to 5d and approve the proposed adjustments to the programme in the table:     RevisedBudget 2024-25 £   Explanationfor the Budgetary Change Children,Lifelong Learning & Families       Abbotsbury- Schools Capital maintenance n/a (6,000)     Virements between Capital Grant Maintenance Schemes to reflect projected spend levels Gorringe Park- Schools Capital maintenance n/a (5,000) Unlocated Primary School Proj- Schools Capital maintenance n/a 30,000 Melbury College - Smart Centre- Schools Capital maintenance n/a (10,000) Perseid Lower- Schools Capital maintenance n/a (9,000) TotalChildren, Lifelong Learning & Families   0   Environment,Civic Pride & Climate       Cycle Route Improvements - Cycle access/parking (1) 23,000 Additional TfL Funding Parks- Cannizaro Flood Management (1) (8,700) Budget Relinquished TotalEnvironment, Civic Pride & Climate   14,300   OverallTotal   14,300     n/a      As agreed in June 2023 monitoring report schools’ capital maintenance budgets are funded by one government grant and although on different cost centres are treated as one budget for monitoring and budget management. (1)          Requires Cabinet and CMT Approval (2)          Requires Council Approval