Agenda item

That:

(a)    the final outturn of revenue and capital spending for 2024/25 be noted;

(b)    the capital financing proposals as set out in table 5 at paragraph 1.19 of the report, be noted;

(c)   the Capital Programme reprofiling of £7.817m carried forward into 2025/26, as per appendices E and F to the report, be noted;

(d)   the movement in Provisions and Impaired Estimates on Debtors be noted;

(e)   the creation of the new reserve, as outlined in paragraph 1.28 of the report, be approved; and

the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be noted.

The Business Manager – Financial Services, was in attendance to present the provisional 2024/25 financial outturn position on the Council’s revenue and capital budgets, including: General Fund Revenue; Housing Revenue Account; Capital Programme; Provisions and Impaired Estimates on Debtors; Usable Reserves; and Collection Fund.

The report detailed a summary of actual income and expenditure compared to the revised budget and how any surpluses/deficits have been allocated to/from reserves.  Members considered the report and welcomed the Council’s financial position.

AGREED     (unanimously) that:

a)               the final outturn of revenue and capital spending for 2024/25 be noted;

b)               the capital financing proposals as set out in table 5 at paragraph 1.19 of the report, be noted;

c)                the Capital Programme reprofiling of £7.817m carried forward into 2025/26, as per appendices E and F to the report, be noted;

d)               the movement in Provisions and Impaired Estimates on Debtors be noted;

e)                the creation of the new reserve, as outlined in paragraph 1.28 of the report, be approved; and

f)                  the individual contributions to, and withdrawals from, the revenue and capital Usable Reserves be noted.