Decision Maker: Cabinet, Council

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: July 15, 2025

Purpose:

Content: *RESOLVED –   That it be recommended to Full Council   1.   That the draft General Fund Revenue, Capital Programme outturn and Housing Revenue Account outturn positions for 2024/25 be noted.   2.   That the allocation of the 2024/25 General Fund Revenue underspend be approved as follows;   ·        £730k to be set aside to support the 2025/26 budget, in line with the approved Medium Term Financial Plan (MTFP) ·        £336k to be allocated to the Property Repairs Fund ·        The remaining balance of £801k be prudently transferred to the Budget Risk Reserve   3.   That the allocation of £300k from the 2024/25 Housing Revenue Account underspend be approved to support delivery of the voids reduction programme in 2025/26 as set out in paragraph 4.31.   4.   That the transfer of any surplus from the Business Rates Pool, over and above the budgeted £350k, to the Business Rates Risk Reserve (paragraph 4.12) be approved.   5.   That the level of and movement in General Fund Revenue Reserves and Provisions (paragraphs 4.13 to 4.17) be approved.   6.   That the General Fund and Housing Revenue Account Capital financing arrangements (Appendix A and B) be approved.   7.   That the accelerated use of capital receipts flexibility of £134k to fund ICT transformation costs incurred in 2024/25 be approved and that the 2025/26 provision for capital receipts flexibility be reduced by a corresponding amount (Paragraph 4.27).   REASONS FOR DECISIONS   1.   This report forms a key part of formal revenue and capital monitoring against the approved 2024/25 budgets. The information in this report will be incorporated into the published Statement of Accounts 2024/25.   2.   The approval of the budget outturn, in-year movements and reserves are required by corporate financial procedures.   3.   To consider the reserves position given the challenges facing the Council over the period of the Medium-Term Financial Plan (MTFP), including the need to contribute, along with other Derbyshire Councils, towards the transitional costs associated with local government reorganisation.