Decision details

Financial Position Update - February

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider the report of the Cabinet Member for Finance and Corporate Services detailing an update on the Council's financial position for 2024/25.

Decision:

To agree the £0.28M adjustments to be made to directorate budgets to reflect sustained favourable variances reported at month 10 of 2024/25 due to transformation measures, to be transferred to centrally held contingency to reduce the reliance on Exceptional Financial Support (EFS), as set out in paragraph 6.

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 applicable.

Report author: Stephanie Skivington

Publication date: 25/02/2025

Date of decision: 25/02/2025

Decided at meeting: 25/02/2025 - Cabinet

Effective from: 06/03/2025

Accompanying Documents: