Decision

The Council has decided to approve financial statements and reserves for the financial year 2024/25.

Analysis

outcome: Recommendations were approved.

summary: The decision involves approving financial statements and reserves for the financial year 2024/25.

topline: The Council has decided to approve financial statements and reserves for the financial year 2024/25.

reason_contentious: This issue is not likely to be contentious as it mainly involves financial matters.

affected_stakeholders: ["Council members", "Finance department", "Schools"]

contentiousness_score: 1

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

URL: https://democracy.anglesey.gov.uk/ieDecisionDetails.aspx?ID=3813&LLL=0

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: It was resolved –   ·      To note the draft unaudited financial statements for the financial year 2024/25.The full Draft Statement of Accounts 2024/25 is published on the following link - https://www.anglesey.gov.wales/documents/Docs-en/Finance/Statement-of-Accounts/2024-to-2025/draft-statement-of-accounts-2024-to-2025.pdf?nocache=1 ·      To note the position of the Council’s general balances of £15.705m. ·      To note the balance of earmarked reserves of £18.295m and approve the creation of £1.958m of new earmarked reserves. ·      To formally approve the transfer of £0.094m of earmarked reserves back to the Council’s General Balances. ·      To note the balance of school reserves of £5.074m. ·      To note the balance of the HRA reserve of £7.978m.

Date of Decision: July 17, 2025