Decision Maker: Executive

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 2, 2024

Purpose:

Content: Following consideration of the officer report, appendices and discussion, the Executive resolved to: a)    Note the underspend of £1.8m (0.3%) for the 2023/24 financial year which will be added to the General Fund balance. b)    Approve the draws and contributions to earmarked reserves set out in appendix 11. c)    Approve to release £0.7m of available earmarked reserves funding to the General Fund balance. d)    Agree to continue to receive monthly budget monitoring reports in 2024/25 which sets out the forecast outturn for the year with details of any mitigations and actions being taken to address any forecast variances. e)    Note that the Collection Fund outturn position is still being finalised. Any over/underspend will be funded from/contributed to reserves. Any material changes to the reserve position will be noted in a future report. f)      Approve the amendment to the Flexible Capital Receipts Strategy to include the Adult Social Care transformation programme, My Life, My Future (section 34/appendix 12).