Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 25, 2024

Purpose:

Content: RESOLVED:   1.  Noted the overall financial position of the Council and in particular the overspend and the initiatives set out to mitigate this, as at September 2024. 2.  Approved the 2025-26 Local London Business Rates Pool recommendations set out in Appendix 4. 3.  Noted the Revised MTFP 2025-26 to 2027-28 attached at Appendix 5 and the revised budget gaps (2025-26 £35.814m, 2026-27 £49.281m and 2027-28 £67.230m)   REASONS FOR DECISION   To facilitate financial management and control of the Council's finances.   DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND REJECTED   This budget monitoring report is primarily an update on the Council’s financial position.