Issue - meetings
Financial Monitoring Period 10
Meeting: 05/03/2025 - Cabinet (Item 276)
276 Financial Monitoring Period 10 
PDF 2 MB
Lead Member – Councillor Gwilym Butler, Portfolio Holder for Finance, Corporate Resources & Communities
Lead Officer – Ben Jay
Decision:
RESOLVED:
1. To note that the Period 10 position (as at the end of January) forecasts a projected spend above budget of £34.767m for 2024/25 and indicative savings delivery of £46.642m (51.8%).
2. To note the projected General Fund Balance of £4.054m arising if no further action were taken.
Minutes:
The Portfolio Holder for Finance, Corporate Resources and Communities introduced the report noting a slight improvement of around £800,000. However, concerns were raised about the Council's management and the use of reserves to reduce the overspend. The Council's failure to achieve budgeted savings was also highlighted.
RESOLVED:
1. To note that the Period 10 position (as at the end of January) forecasts a projected spend above budget of £34.767m for 2024/25 and indicative savings delivery of £46.642m (51.8%).
2. To note the projected General Fund Balance of £4.054m arising if no further action were taken.