5.0       Legal Implications

5.1       There are no specific legal implications

6.0       Consultation and Responses

6.1      This report has been the subject of full consultation with Directorates and is agreed by Management Board

7.0      Conclusions and Recommendations

7.1       That the Executive;

(i) Notes the outturn position again the 21024/25 Revenue Budget, as summarised in paragraph 2.2.1.

(ii) Notes the outturn position against the 2024/25 Housing Revenue Account budget as detailed in section 2.3

(iii) Approves up to £480k of Strategic Capacity Reserve to fund digital EHCP system (paragraph 2.5.2)

(iv) Approves the transfer of uncommitted reserve balances to Strategic Capacity (paragraph 2.6.1)

(v) Agrees to transfer the revenue net underspend of £2,590k to Capital Supply Chain Reserve (paragraph 2.6.2)

(vi) Note the performance of the Treasury Management operation during 2024/25 and the position on Prudential Indicators.

(vii) To note the position on capital outturn as detailed in Appendices A to D

(viii) To recommend to the Council the proposed carry forward to 2024/25 of the net capital underspend totalling £8.0m as set out in paragraph 4.4.2.

(ix) To recommend the release of £2.6m from the Capital Receipts Unapplied Reserve to address the funding gap in relation to the Towns Deal Fund Station Gateway scheme as set out in paragraph 4.3.2; and

(x) To approve the financing of capital expenditure as detailed in paragraph 4.5.1.

Richard Flinton Chief Executive 27 May 2025

Gary Fielding Corporate Director, Strategic Resources