Decision details

9.1

The Director of Finance and Commercial Services introduced the report which brought the Committee up to date with the Council’s outturn position for 2024/25 including General Fund revenue position, Housing Revenue Account, and Capital Programme Monitoring (Appendix 2 of the report). The report also provided an update of the Council’s Treasury Management activity (Appendix 3 of the report) and the Collection Fund Account (Appendix 4 of the report).

9.2

RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-

1. Note the updated information and management actions on the 2024/25 Revenue Budget Outturn as described in this report.
2. Note the detailed committee budget monitoring information and management actions provided in Appendix 1.
3. Note the updated information and management actions provided by this report on the Q1 2024/25 Capital Programme monitoring as described in Appendix 2.
4. Note the Treasury Management report for Q1 2024/25 as described in Appendix 3.
5. Note the Collection Fund monitoring position for Q1 2024/25 as described in Appendix 4.

9.3

Reasons for Decision

9.3.1

To record formally changes to the Revenue Budget.

9.4

Alternatives Considered and Rejected

9.4.1

The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.