RESOLVED:
That the following be approved:
1. The interdepartmental budget and reserve movements that exceed £275k, as shown in Appendix A and Appendix C of the report.
2. The use of £5.3m reserves to balance the 2024-25 outturn.
That the following be noted:
3. The housing revenue account (HRA) favourable variance of £3.9m after one off income windfalls, other financing activities and short-term cost reductions.
4. The full utilisation of the £4m contingencytogether with £2.4m of general reserves.
5. The key overspends in 2024-25 are:
i. Housing - housing revenue account (paragraphs 14-27 of the report)
ii. Housing - temporary accommodation (paragraph 77-79 of the report)
iii. Adult social care (paragraphs 38 -41 of the report).
6. The positive variance of £1.1m in the ring-fenced dedicated schools grant (DSG) reduced the overall deficit to £5.8m as at 31 March 2025 (paragraphs 48-50 of the report).
7. The interdepartmental general fund budget and reserve movements that are less than £275k as shown in Appendix A and D of the report.
8. The council reserve balances as at 31 March 2025 in Appendix B of the report.