Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: October 15, 2024

Purpose:

Content: *RESOLVED –   1.   That the forecast outturn position of the General Fund Revenue Account for the financial year 2024/25 be noted.   2.   That the strategy for achieving a managed underspend General Fund Revenue Account budget outturn position for the financial year 2024/25 be supported.   3.   That the General Fund Capital Programme expenditure forecast for the financial year 2024/25 be noted.   4.   That the position of the Housing Revenue Account and Capital budgets at the close of month five of the financial year 2024/25 be noted.   5.   That the emerging Medium-Term Financial Plan forecast positions for both the General Fund Revenue Account and the Housing Revenue Account for the period 2025/26 to 2028/29 be noted.   REASONS FOR DECISIONS   1.   This periodic monitoring report summarises the current assessment of the Council’s forecast outturn position for the financial year 2024/25 in relation to the General Fund Revenue Account and sets out the active management mitigations being progressed to balance the 2024/25 budget. It also provides a robust basis for medium term financial planning.   2.   The report also provides updates on the current status of the General Fund Capital Programme, the Housing Revenue Account (HRA) and the HRA Capital Programme.   3.   This is the second formal monitoring report for the 2024/25 financial year.