Decision details
2024-2025 Budget Monitoring - Quarter 2
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The report will set out a summary of the
Council’s actual revenue and capital spending for the
quarters to September 2024 together with the main variations from
the approved spending levels and impact on future budgets
Decision:
That the Cabinet:
a) notes the projected outturn for the financial year 2024/2025 as summarised in report FIN/672.
b) approves the capital virement of £204k from the ICT Replacement Reserve to the People Systems Programme (PSP) project.
c) approves the capital virement of £550k from the Green Tech Business Grants project to the Innovation Centre Project within the Towns Fund programme.
d) approves the delegation to the Head of Corporate Finance, in consultation with the Leader to approve a capital virement from the property reserve to cover the costs of fit out and related work at Ashdown House, up to the limit of £1.3m (as detailed in paragraph 8.8 of report FIN/672).
Reasons for the Recommendations
To report to Members on the projected outturn for the year compared to the approved budget.
Report author: Carolin Martlew
Publication date: 28/11/2024
Date of decision: 27/11/2024
Decided at meeting: 27/11/2024 - Cabinet
Effective from: 04/12/2024
Accompanying Documents:
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