Decision
Analysis
outcome: Recommendations were approved by the council.
summary: The decision involves recommending various financial allocations and transfers for the General Fund revenue account and reserves for the upcoming financial years.
topline: The council has decided to recommend various financial allocations and transfers for the upcoming financial years.
reason_contentious: This decision may be contentious as it involves allocating funds to specific projects and reserves, which could impact different stakeholders differently.
affected_stakeholders: ["Council members", "General public", "Local businesses"]
contentiousness_score: 5
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://modgov.north-norfolk.gov.uk/ieDecisionDetails.aspx?ID=613
Decision Maker:
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: No
Purpose:
Content: Decision RESOLVED to recommend to Full Council: Members are asked to consider the report and recommend the following to full Council: a) The provisional outturn position for the General Fund revenue account for 2024/25 (as shown in Appendix A); b) The transfers to and from reserves as detailed within the report (and Appendix C); c) The surplus of £0.622m be transferred to the General reserve to mitigate future funding shortfalls. d) The balance on the General Reserve of £2.825m following the transfer outlined above. e) The surplus of £0.384m relating to retained business rates be transferred to the Business Rates reserve. f) The financing of the 2024/25 capital programme as detailed within the report and at Appendix D. g) The updated capital programme for 2025/26 to 2030/31 and scheme financing as outlined within the report and detailed at Appendix E; h) Approval of additional funding to cover capital project overspends of £10,816 as detailed in paragraph 5.7. i) The roll-forward of existing capital project funding from 2024/25 into 2025/26 as detailed in paragraph 5.9. j). To note the addition of £55,000 towards the New Play Area (Sheringham, The Lees) to be funded from the Asset Management Reserve in 2025/26 for a total project budget of £120,000 k) The addition of £6,081 towards the Cromer Offices LED Lighting in the Capital Programme to be funded from Capital Receipts in 2025/26 for a total project budget of £178,796. l) The addition of £20,000 towards the Public Conveniences (Sheringham & North Walsham) project in the Capital Programme to be funded from Capital Receipts in 2025/26 for a total project budget of £565,514. m) The addition of the Holt Eco Learning Space scheme for £100,000 into the 2025/26 Capital Programme to be funded by an external contribution. Reasons for the decision: To provide a draft outturn position for the General Fund, Capital Accounts and Reserves which will form the basis to produce statutory accounts for 2024/25. Also to provide a draft opening position for the financial year 2025/26
Date of Decision: July 7, 2025