Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 17, 2025

Purpose: The Cabinet will be asked to approve the Council’s final revenue and capital outturn position for 2024/25 and, if necessary, any appropriate in-year budget adjustments.

Content: Cabinet resolved to:   (i)  Note that the General Fund provisional outturn position for 2024/25 was £220.729m, representing an underspend of £1.016m against the revised budget of £221.745m, as detailed in section 2 of the report;   (ii)  Agree the transfer of £1.016m to the General Reserve to achieve a balanced outturn position for 2024/25 and other transfers to and from reserves, as detailed in Appendix A to the report;   (iii)  Note the Housing Revenue Account (HRA) provisional outturn position for 2024/25 was an underspend of £10.687m, which shall be transferred to the HRA Reserve, as detailed in section 4 of the report;   (iv)  Note that the Dedicated Schools Grant (DSG) provisional outturn position for 2024/25 was an overspend of £5.183m, which shall be met from the DSG Reserve, as detailed in section 5 of the report;   (v)  Note the performance of the Investment and Acquisition Strategy (IAS) as set out in section 9 of the report;   (vi)  Note that the Capital Programme provisional outturn position for 2024/25 showed an underspend of £31.141m against a revised budget of £266.695m and approve the carry forwards to 2025/26, as detailed in section 11 and Appendices B and C to the report; and   (vii)  Note the update on the progress on the year-end accounts and the work still outstanding, as set out in section 12 of the report.