Decision

The Leader has decided to approve updates to reserves and balances, year end movements to the Capital Programme, and recommendations for the use of interest income from Treasury Management.

Analysis

outcome: The recommendations were agreed upon with 4 in favor.

summary: The decision involves approving updates to reserves and balances, year end movements to the Capital Programme, and recommendations for the use of interest income from Treasury Management.

topline: The Leader has decided to approve updates to reserves and balances, year end movements to the Capital Programme, and recommendations for the use of interest income from Treasury Management.

reason_contentious: This issue may be contentious as it involves financial decisions and allocations of funds which can impact various stakeholders.

affected_stakeholders: ["Council members", "Treasury Management", "General Reserve", "Planning JR", "OD&E reserve"]

contentiousness_score: 5

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

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