Issue - meetings

To inform Cabinet of the income and expenditure (known as ‘Outturn’) for the Council for 2024/25 and reasons for variations.

AGREED that:

(i)            The Outturn for the Council’s General Fund services in 2024/25, as detailed at Appendix A and Section 2 of this report be noted and that Members note the transfer of the surplus to the Budget Equalisation Reserve’

(ii)          The reasons for the variations from revised estimate be noted;

(iii)         The current position on the Cambridgeshire Horizons Reserve, as detailed in Section 3 of this report be noted;

(iv)         The proposed Capital Funding schedule for 2024/25 at Appendix B(i) be approved. 

Members considered the Revenue and Capital Outturn 2024/25 report presented by Councillor Boden.

·         Councillor Boden thanked Sian Warren for the work she has done with Peter Catchpole and Mark Saunders, who has now retired and will be greatly missed.

·         Councillor Mrs French expressed her thanks to the officers involved for a job well done.

Proposed by Councillor Boden, seconded by Councillor Mrs French and AGREED that:

(i)           The Outturn for the Council’s General Fund services in 2024/25, as detailed at Appendix A and Section 2 of this report be noted and that Members note the transfer of the surplus to the Budget Equalisation Reserve’

(ii)          The reasons for the variations from revised estimate be noted;

(iii)        The current position on the Cambridgeshire Horizons Reserve, as detailed in Section 3 of this report be noted;

(iv)        The proposed Capital Funding schedule for 2024/25 at Appendix B(i) be approved.