Issue - meetings

Report of Councillor P R Kerry, Deputy Leader and Portfolio Holder for Strategic Leadership & Finance.

RESOLVED That Cabinet note the report and make any comments that they believe to be appropriate with regards to the budget monitoring position outlined.

REASONS FOR DECISION – The report summarises the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.

OTHER OPTIONS CONSIDERED AND REJECTED – This report is concerned with monitoring the position against the Council’s previously approved budget. Accordingly, the report does not set out any options where a decision is required by Members.

This was not a Key Decision and so can be implemented with immediate effect by officers.

Cabinet considered a report which outlined financial position of the Council following the monitoring exercise for the General Fund, Housing Revenue Account and the Capital Programme in Quarter 3 of 2024/25. The report summarised the key figures from the monitoring exercise and explained the reasons for variation against the budget.

Cabinet considered the report. Some Members had questions around the impacts of salary underspends. It was shared that the situation was being monitored, it was not anticipated that there would be any difficulties in filling vacant posts. 

RESOLVED That Cabinet note the report and make any comments that they believe to be appropriate with regards to the budget monitoring position outlined.

REASONS FOR DECISION – The report summarises the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.

OTHER OPTIONS CONSIDERED AND REJECTED – This report is concerned with monitoring the position against the Council’s previously approved budget. Accordingly, the report does not set out any options where a decision is required by Members.