Decision Maker: Executive

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: June 26, 2025

Purpose:

Content: 1.1. To note the overall provisional outturn position reported across the Council’s departments. (Paragraph 2.2) Section 3 –   General Fund 1.2. To note the overall provisional General Fund (GF) outturn position. (Table 1) 1.3. To note the breakdown of the forecast GF outturn by variance at Appendix 1 and service area at Appendix 2. (Section 3, Table 1, and Appendices 1 & 2) 1.4. To note the virements and budget adjustments posted up to Q4 (Appendix 2 and Section 3) 1.5. To note progress on delivering the 2024/25 agreed budget savings. (Appendix 3) 1.6. To note the forecast Collection Fund outturn position for council tax and national non[1]domestic rates (NNDR). (Paragraphs 3.104-3.116)   Section 4 General Fund Earmarked Reserves Allocations 1.7. To agree in relation to Earmarked Reserves: · The transfers to/from reserves, the movements between reserves and the provisional GF balances (Section 4) · Specifically, for the Executive to approve all reserves transfers above £0.500m. (Paragraphs 4.3).  · To delegate authority to the Section 151 Officer to agree any further movements to/from reserves related to finalising the 2024/25 Statement of Accounts (Paragraph 4.4)   Section 5 – Housing Revenue Account 1.8. To note the forecast Housing Revenue Account (HRA) outturn. (Section 5 and Appendices 1 & 2) 1.9. To agree in relation to Earmarked Reserves: · The creation of a new HRA ‘New Build Feasibility’ earmarked reserve for the revenue cost of new build feasibility (Paragraph 5.6) · That the un-budgeted surplus on the HRA for 2024/25 be transferred to the major repairs reserve to help fund future investment within the HRA (Paragraph 5.7)   Section 6 – Capital Programme 1.10. To note the capital outturn of £225.646m in 2024/25 (Section 6, and Appendix 4) and the revised multi-year capital programme and how it will be financed. (Appendix 5) 1.11. To note the requested capital reprofiling with future financial years and budget adjustments approved by the Section 151 Officer. 1.12. To approve the capital additions and reductions detailed in 6.20 and 6.21.   Section 7 – Debt Write-Offs 1.13. To note, and where necessary, agree to debt write-offs. (Section 7)   Section 8 – New Council Homes Programme Contract Variations 1.14. To note that the current forecast projected final accounts for new homes construction contracts, are not expected to exceed the total budget of £124.6m approved by Executive in March 2024.(Section 8 and Exempt Appendix 1) 1.15. To approve the award of contract variations for new homes construction contracts up to the sums as set out. (Section 8 and Exempt Appendix 1)   AGREED 1. Recommendations 2. That thanks be expressed to officers and Councillor Ward (former Executive Member for Finance and Performance) for all tier work in achieving a balanced budget – as detailed in the report – as detailed in the report – none