Decision details

RESOLVED:

1.      That Cabinet notes the Council’s revenue and capital positions for the year.

2.    That Cabinet approves the drawdown of £2.8m from the Budget Equalisation Reserve to fund the overspend position and offset the impact on the General Fund Balance.

3.    That Cabinet approves capital carry forwards of £39.2m.  £15.9m is requested to be carried forward into the 24/25 capital programme, with the remaining £23.3m in 2025/26.

Reasons for Decisions:

This report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for information and approval of any necessary actions.

(The decisions on this item can be called in by the Resources and Performance Select Committee)