Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: July 15, 2025

Purpose: Cabinet is recommended to note the Revenue and Capital Outturn for 2024/25.  

Content: Cabinet:   (1)            noted the Revenue position and the use of £2.656 million drawdown from the Budget Strategy Reserve (BSR) to achieve a net nil position;   (2)            noted the Capital Outturn for 2024/25 and slippage of £19.220 million, which represents 13% of the overall budget;   (3)            approved the slippage/accelerations listed in Appendix 4 of the report;   (4)            noted the outturn position in relation to the Housing Revenue Account (HRA) and the transfer to reserves of £1.388 million, to achieve a balanced position;   (5)            noted the outturn position in relation to the Dedicated Schools Grant and the increase in the deficit to £5.379 million (an increase of £4.454 million in-year); and   (6)            noted the movement in Reserves in Appendix 3 of the report.   Options & Alternatives Considered Much of this report is concerned with provision of information, for which alternative options is not a relevant consideration. The carry-forward proposals were considered and are recommended for approval where there was sufficient justification.