URL: https://www.southampton.gov.uk/modernGov/ieDecisionDetails.aspx?ID=3498

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Purpose: An update on the Council's financial position for 2024/25

Content: To agree the £1.85M adjustments to be made to directorate budgets to reflect sustained favourable variances reported at month 7 of 2024/25 due to transformation measures, to be transferred to centrally held contingency to reduce the reliance on Exceptional Financial Support (EFS), as set out in paragraph 6. To ensure that Cabinet fulfils its responsibilities for the overall financial management of the Council’s resources. Not applicable.

Date of Decision: November 26, 2024