Decision
Analysis
outcome: Recommendations were approved by the Cabinet.
summary: The decision involves approving the Council's revenue outturn for 2024/25, transfers to reserves, and reallocation of earmarked reserves.
topline: The Cabinet has decided to approve financial recommendations for the Council's revenue outturn and reserves for 2024/25.
reason_contentious: This issue is not particularly contentious as it mainly involves financial matters.
affected_stakeholders: ["Council members", "Finance department", "Local residents"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.testvalley.gov.uk/ieDecisionDetails.aspx?ID=598
Decision Maker: Cabinet
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: Yes
Purpose:
Content: Resolved: 1. That the Council’s revenue outturn for 2024/25, as shown in Annexes 1 and 2 to the report, be noted. 2. That the transfers to reserves of £1.899M, detailed in paragraph 3.22 of the report, be approved. 3. That the transfer of £161,800 to the Asset Management Plan Reserve, as detailed in paragraph 4.2 of the report, be approved. 4. That the reallocation of earmarked reserves, as detailed in paragraph 4.4 of the report, be approved. 5. That the Head of Finance and Revenues be authorised to make necessary adjustments through the Asset Management Plan Reserve, should any additional variances be identified in finalising the Statement of Accounts for 2024/25.
Date of Decision: May 28, 2025