URL: https://moderngov.kingston.gov.uk/ieDecisionDetails.aspx?ID=5363

Decision Maker: Corporate and Resources Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: RESOLVED that:   1)    The outturn position in respect of the General Fund for 2024/25 be noted;   2)    The drawdown of £1.95m from the Economic Risk Reserve be noted;   3)    General Fund (GF) balance at 31 March 2025 of £19.63m and the position on Earmarked Reserves of £53.28m as at 31 March 2025 be noted;   4)    The surplus of £8.01m on the Collection Fund, of which £3.86m is the Council’s share, be noted;   5)    The 2024/25 outturn position of an underspend of £2.65m on the Housing Revenue Account (HRA) be noted;   6)    The outturn position in respect of the 2024/25 Schools Budget overspend of £7.54m be noted and that this results in a cumulative DSG deficit of £8.26m;   7)    The capital outturn position for 2024/25 of an underspend of £43.53m be noted;   8)    The capital rephasing requests as set out in Annex 1 be approved and capital programme in Annex 2 be noted;   9)    A capital budget in 2025/26 of £0.80m for the Local Implementation Plan be approved;   10)     A capital budget for 2025/26 of £4.27m for Burlington School contract variation be approved.

Date of Decision: June 26, 2025