Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 10, 2024

Purpose: To consider the Council’s financial forecast outturn position for Quarter 1 2024/25 and amendments to the Capital Programme.

Content: RESOLVED: 1.             That the GFRA forecast outturn of £6.816m against budget be noted, together with the management action plan set out in this report. 2.             That the Dashboards to support the period 3 position be noted, which is set out in the annex to the report. 3.             That the reserves position as detailed in the the annex to the report be noted. 4.             That the Cabinet approved the additions and amendments to resource allocation and spend approval for the 2024/25 capital programme set out in the annex to the report. 5.             That the forecast outturn position on the 2024/25 Capital Programme as an overspend of £1.545m after slippage of £0.218m as detailed in the annex to the report be noted. 6.             That the Treasury Management report including prudential indicators, as detailed in the annex to the report be noted. 7.             That the increase in the investment counterparty limits as noted in para 4.14 of Annex E of the report be recommended to Council for approval. 8.             That the virements to the original budget as detailed in the annex to the report be approved.