RECOMMENDED TO CABINET: The Finance, Audit and Risk Committee commented on the assumptions and information contained within this report, in the context that Cabinet agrees that:
(1) That Cabinet note this report.
(2) That Cabinet approves a decrease of £860k in the 2024/25 net General Fund expenditure, as identified in section 8, to a total of £17.889million.
(3) That Cabinet approves the changes to the 2025/26 General Fund budget, as identified in table 4 and paragraph 8.3, a total £361k decrease in net expenditure.
That Cabinet recommends to Council:
(4) That Council approves the net transfer to earmarked reserves, as identified in table 9, of £1.035million.
REASONS FOR RECOMMENDATIONS:
(1) Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.
(2) Changes to the Council’s balances are monitored and approved.