Agenda item

The report of the Strategic Director of Resources

Presented by the Corporate Portfolio Holder

The Infrastructure Portfolio Holder presented the report. Additionally, he thanked the Section 151 Officer and the Finance Team for supporting him to cover the Corporate Portfolio in recent months.

It was moved by Councillor K Merrie, seconded by Councillor N Rushton and

RESOLVED THAT:

1. The forecasted overspend on the General Fund for 2024/25 of £977k based on Quarter 3 information be noted.
2. The Special Expenses forecast outturn figures for 2024/25 based on Quarter 3 information be noted.
3. The supplementary estimates detailed on appendix 2 which are below £100k and are externally funded be noted.
4. The supplementary estimates detailed on appendix 2 which are above £100k and are externally funded be approved.
5. All supplementary estimates detailed on appendix 2 which require Council funding be approved.
6. The revised General Fund Capital Programme detailed in appendix 5 be noted.
7. The movement from the Development Pool to the Active Programme for the Capital Scheme detailed in table 5 be approved.

Reason for decision: Cabinet is responsible for making all of the necessary arrangements to ensure that the priorities identified by the Council are delivered within the Budget and Policy Framework and therefore financial reporting is brought to Cabinet to ensure that oversight is carried out.

To update Cabinet on Quarter 3 2024/25 and request approval for supplementary estimates as detailed in the recommendations below.