Decision details

Financial Position Update

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

An update on the Council's financial position for 2024/25 as at the end of May 2024.

Decision:

(i)  Note the latest forecast financial position as set out in Appendix A.

(ii)  Note the development of deficit recovery plans as set out in Appendix A

Reasons for the decision:

To ensure that Cabinet fulfils its responsibilities for the overall financial management of the council’s resources.

Alternative options considered:

Not to provide a monthly update on the council’s financial position. This is not considered an appropriate course of action.

Report author: Richard Williams

Publication date: 25/06/2024

Date of decision: 25/06/2024

Decided at meeting: 25/06/2024 - Cabinet

Accompanying Documents: