URL: https://cms.wiltshire.gov.uk/ieDecisionDetails.aspx?ID=2159

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose: Outturn Revenue Budget Monitoring report for financial year 2024/25

Content:   Resolved:   Cabinet approved:   a)    Transfers to and from earmarked reserves as detailed in appendix B; b)    Creation of new earmarked reserves as detailed in appendix B c)    The revenue contribution to capital of £0.635m for works in relation to Salisbury City Hall.  d)    The final General Fund revenue overspend position for 2024/25 of £4.853m be funded from the following reserves:                                                  i.     £0.700m from the Pay Award reserve                                              ii.     £0.713m from the Waste reserve                                            iii.     £2m from the Transformation reserve                                            iv.     £1.440m from the Insurance reserve    Cabinet noted:   e)     The general fund outturn position for the financial year 2024/25. f)     The final year end position of savings delivery. g)    The overspend on the HRA of £1.236m and the impact on the HRA reserve. h)    The overspend against Dedicated Schools Grant (DSG) budgets of £9.899m and the impact on the cumulative DSG deficit. i)      The receipt of National Landscapes DEFRA grant funding for 2024/25   Reason for Decision: To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.   To inform Cabinet on the financial year end revenue outturn position for the Council for the financial year 2024/25, including delivery of approved savings.   To improve the Councils financial resilience by setting aside funds in earmarked reserves to prudently assist in managing the Councils financial risks and future pressures.

Date of Decision: June 24, 2025