URL: https://midsussex.moderngov.co.uk/ieDecisionDetails.aspx?ID=597

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: The Leader took Members to a vote on the recommendations which were agreed with 4 in favour.   RESOLVED   Cabinet agreed to:   (i)  Note the outturn position detailed at Appendix A. (ii) Approved the update to Reserves and Balances in Appendix B. (iii) Approved the update to Specific Reserves in Appendix C. (iv) Noted the year end movements to the Capital Programme in Paragraphs 33 to 38 and detailed at Appendix C. (v) Recommended to Council that after previously agreed and proposed uses, the balance of interest income from Treasury Management is used as follows: £1,058k to replace the planned draw from the General Reserve (GR) and a further £238k contribution to the GR, to get closer to the achievement of the robustness recommendations from Budget; £100k in support of the Planning JR; £100k to the OD&E reserve to support LGR transition. With the service underspend being set aside for to help fund project and efficiency work across the council’s services, including work that will support the governments productivity expectations. (vi) Noted the positive performance outturn set out in paragraphs 8-19.  

Date of Decision: June 30, 2025