Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: March 27, 2025

Purpose:

Content:   Recommendations: 1.1. To note the overall forecast General Fund (GF) outturn position. 1.2. To note the breakdown of the forecast GF outturn by variance at Appendix 1 and service area at Appendix 2 1.3. To note the changes in forecast since Quarter 2, notably including a significant pressure in Housing General Fund directorate regarding Temporary Accommodation costs. 1.4. To approve forecast transfers to/from GF earmarked reserves, which will be reviewed and actioned at outturn. 1.5. To note the virements and budget adjustments posted up to Q3 and to approve an ongoing virement in Environment and Climate Change which is required to realign budgets to reflect income and expenditure levels. 1.6. To note progress on delivering the 2024/25 agreed budget savings. 1.7. To note the forecast Collection Fund outturn position for council tax and national non[1]domestic rates. 1.8. To note the forecast Housing Revenue Account outturn. 1.9. To note the forecast capital outturn of £229.136m in 2024/25 which includes an overspend of £0.913m on the revised 2024/25 budget and the revised multi-year capital programme and how it will be financed. 1.10. To note the requested capital reprofiling with future financial years and budget adjustments approved by the Section 151 Officer. 1.11. To approve the requested additions to the Capital Programme totalling £3.733m. 1.12. To note the technical accounting adjustment in relation to the treatment of open market new build homes detailed in para 5.36. 1.13. To note, and where necessary, agree to debt write-offs.     AGREED RECOMMENDATIONS   – as detailed in the report – as detailed in the report – none