Decision details

Cabinet received a report on the projected General Fund (GF), Housing Revenue Account (HRA) and Capital 2024/25 net expenditure which sought approval to amend the General Fund, HRA and Capital budgets as part of the quarterly revenue monitoring review.  The report also gave an update on the reserves and balances available to support revenue expenditure and sought approval for revisions to the allocated reserves.

It was RESOLVED:

1.            That the 2024/25 first quarter projected net decrease in General Fund expenditure of £617,420 be approved.

2.            That the cumulative changes made to the General Fund net budget remains within the £400,000 increase variation limit delegated to the Executive be noted.

3.            That the proposed movement on reserves as detailed in paragraph 4.2.1 be noted.

4.            That the use of additional income from garages of £75,000 to fund responsive garage works within the Capital Garage Improvement Programmer (paragraph 4.1.7) be approved.