To consider the recommendations of the Cabinet and a report that provides a high-level budget summary of the Council’s revenue and capital position for the financial year 2024/25, reviewing budgets and considering year-end forecasts.

The Council received the Cabinet’s recommendations and the submitted report on the high-level budget summary of the Council's revenue and capital income and expenditure for quarter 2 (up to 31 September 2024) of the 2024/2025 financial year.  It was noted that the revenue budget was predicting an overspend of £0.292 million.

The submitted report included recommendations for revisions to the Council’s Capital Programme, along with changes to delegation arrangements in respect of drawdown of grants.

Councillor Tyerman proposed and Councillor Chris Lewis seconded a motion, which was agreed by the Council as set out below:

1.         that Council approves the revisions to the Capital Investment Plan, as set out in Appendix 1 to the submitted report;

2.         that Council delegates authority to approve capital budget increases which are in respect of the drawdown of specific grant to the Director of Finance (S151 Officer) in consultation with the Cabinet Member for Housing and Finance.  (This delegation applies to using grant funding where there is no direct financial impact or future liability to the Council.);  and

3.         that the Monitoring Officer be requested to update the Officer Scheme of Delegation to reflect the delegation in 2 above.

To consider a report that provides a high-level budget summary of the Council’s revenue and capital position for the financial year 2024/25, reviewing budgets and considering year-end forecasts.