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Issue - meetings

Financial Performance Report 2024-25 Quarter Three

 

 

Meeting: 03/04/2025 - Cabinet (Item 9.)

9. Financial Performance Report 2024-25 Quarter Three pdf icon PDF 825 KB

Purpose

This report sets out the third budget monitoring position for the 2024/25 financial year.

 

Recommendations

That Cabinet resolves to:

1.     Review and notes the financial position set out in this report.

2.     Approve the transfer of the improved surplus (£0.435m) to the Financial Resilience Reserves, as set out in Paragraph 4.7 of the report.

3.     Approve the revised Capital Programme of £7.550m including additional expenditure of £0.238m on Disabled Facilities following the allocation of additional Disabled Facilities Grant funding provided by Gloucestershire County Council. (para 2.10).

Additional documents:

Decision:

The purpose of the report was to update Cabinet on the third budget monitoring position for the 2024/25 financial year and to seek approval for the principle of the transfer of the improved surplus (£0.435m) to the Financial Resilience Reserves, as set out in Paragraph 4.7 of the report. Approval was also sought for the revised Capital Programme of £7.550m including additional expenditure of £0.238m on Disabled Facilities Grants following the allocation of additional Disabled Facilities Grant funding provided by Gloucestershire County Council.

 

Councillor Mick Evemy, Deputy Leader of the Council and Member for Finance and Transformation, introduced the item.

 

The recommendations were proposed by Councillor Mike Evemy and seconded by Councillor Joe Harris, Leader of the Council.

 

RESOLVED that Cabinet:

  1. Noted the financial position set out in the Q3 Financial performance report 2024/25.
  2. Approved the principle to transfer of the improved surplus (£0.435m) to the Financial Resilience Reserves, as set out in Paragraph 4.7 of the report.
  3. Approved the revised Capital Programme of £7.550m including additional expenditure of £0.238m on Disabled Facilities following the allocation of additional Disabled Facilities Grant funding provided by Gloucestershire County Council.

 

Voting record: For 5, Against 0, Abstain 0.

 

Meeting: 31/03/2025 - Overview and Scrutiny Committee (Item 12.)

12. Financial Performance Report 2024-25 Quarter Three pdf icon PDF 824 KB

Purpose

This report sets of the third budget monitoring position for the 2024/25 financial year.

REPORT TO FOLLOW.

 

Recommendation

That the Committee scrutinises the report and agrees any recommendations it wishes to submit to Cabinet.

 

Additional documents:

 

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