Decision
Analysis
outcome: Accounts for 2024/25 were finalised, showing underspending on the General Fund revenue account and the Housing Revenue Account compared to revised estimates. Revenue and capital budget carry forward requests were approved.
summary: The Cabinet has decided to approve the accounts summary for the financial year ended 31 March 2025, subject to audit, and to approve revenue and capital budget carry forward requests for the 2025/26 budget.
topline: The Cabinet has decided to approve financial accounts and budget carry forward requests for the upcoming year.
reason_contentious: This issue is not particularly contentious as it mainly involves financial regulations and accountability.
affected_stakeholders: ["Cabinet members", "Council officers", "Local government finance staff"]
contentiousness_score: 2
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.broxtowe.gov.uk/ieDecisionDetails.aspx?ID=2147
Decision Maker: Cabinet
Outcome:
Is Key Decision?: Yes
Is Callable In?: No
Purpose: To report on the revenue and capital outturn position for 2024/25, provide an update on progress with the preparation of the draft annual Statement of Accounts for 2024/25 and approve the revenue and capital carry forward requests to the 2025/26 financial year. This is in accordance with all of the Council’s objectives and key priorities.
Content: Cabinet was updated on the revenue and capital outturn position for 2024/25, and provided with an update on progress with the preparation of the draft annual statement of accounts for 2024/25. The accounts for 2024/25 had been finalised, subject to audit, and showed an underspending on the General Fund revenue account of £1.402m and an underspending on the Housing Revenue Account (HRA) of £534k when compared to the revised estimates. There was praise for the officers who had prepared the report and it was highlighted that despite the excellent figures these were difficult times for local government finances. RESOLVED that the: 1. Accounts summary for the financial year ended 31 March 2025, subject to audit, be approved. 2. Revenue budget carry forward requests outlined in the report be approved and included as supplementary revenue estimates in the 2025/26 budget. 3. Capital budget carry forward requests outlined in the report be approved and included as supplementary capital estimates in the 2025/26 budget. Reason To be accountable for all activities and actions and to ensure that the Council conforms to all financial regulations. The report summarises the Council’s finances at the end of each financial year. (Having declared other registerable interests Councillors C Carr, R D MacRae and J W McGrath, left the meeting before discussion or voting thereon.)
Date of Decision: July 1, 2025