Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 2, 2024

Purpose:

Content: (1)        That the Cabinet noted the General Fund revenue position at the end of Quarter 1 (30th June 2024) for 2024/25, including actions being undertaken or proposed to ameliorate the position, where significant variances have been identified (including Appendix A).   (2)        That the Cabinet noted the General Fund capital position at the end of Quarter 1 (30th June 2024) for 2024/25 (including Appendix B).   (3)        That the Cabinet noted the Housing Revenue Account revenue position at the end of Quarter 1 (30th June 2024) for 2024/25, including actions proposed to ameliorate the position, where significant variances had been identified.   (4)        That the Cabinet noted the Housing Revenue Account capital position at the end of Quarter 1 (30th June 2024) for 2024/25 (including Appendix C); and   (5)        That the Cabinet noted the wider position on Financial Performance and Risk at the end of Quarter 1 (30th June 2024), including the amended Prudential Indicator (“Proportion of Financing Costs to Net Revenue Stream”) explained in Paragraph 7.3.14.