Decision details

RESOLVED:

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

2.    That Cabinet approves the contribution of the £6.3m surplus to the Budget Equalisation Reserve as follows and as set out in paragraph 9:

·         £3m, ringfenced for the Place Directorate, to cover the cost of Highways remedial action, including the Godstone sink hole and other emergency works.

·         £3.3m to provide financial resilience and mitigate against other emerging risks in 2025/26.

3.    That Cabinet approves capital carry forwards of £56.6m.  £53.9m is requested to be carried forward into the 2025/26 capital programme, with the remaining £2.7m in 2026/27.

Reasons for Decisions:

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

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