Decision details

Decision Maker: Leader of the Council and Corporate Finance & Governance Portfolio Holder

Decision status: Recommendations Approved (subject to call-in)

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To provide an overview of the financial outturn for the year 2024/25 and to seek approval of associated financial decisions related to the end of year accounting processes.

Decision:

(a)     that the financial outturn position for 2024/25, as set out in the Officer report and its appendices, be noted;

 

(b)     that the financing of General Fund capital expenditure for 2024/25, as detailed in Appendix D, be approved;

 

(c)     that the movement in uncommitted and earmarked General Fund reserves for 2024/25, as set out in Appendix E, be approved;

 

(d)     that the General Fund revenue carry forward items totalling £15.093m, as set out in column 4 of Appendix K, be approved;

 

(e)     that the General Fund capital carry forwards totalling £59.477m, as set out in Appendix D, be approved;

 

(f)       that, in respect of the HRA, the movement on HRA balances for 2024/25, including any commitments set out within Appendices H and/or I, along with recharges to the HRA from the General Fund of £3.025m for the year and the financing of the HRA capital expenditure, as set out in Appendix I, be approved; and

 

(g)     that the overall General Fund outturn variance of £5.417m for 2024/25 that is being carried forward via the Revenue Commitments Reserve be noted; and

 

(h)     that Cabinet be recommended to approve the proposed allocations from the variance amount, as set out within Table 3.

Reasons for the decision:

To set out the final financial position of the Council for 2024/25 and to approve the associated end of year accounting and technical adjustments and processes.

Alternative options considered:

These are broadly covered in the main body of the Officer report.

Publication date: 30/06/2025

Date of decision: 27/06/2025

Date comes into force if not called in: 08/07/2025

Call-in deadline date: 07/07/2025

Current call-in Count: 0

Accompanying Documents: