URL: https://northumberland.moderngov.co.uk/ieDecisionDetails.aspx?ID=333

Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Financial Performance of the council as at September 2024 and an updated year end forecast compared to the 2024-25 budget.

Content: RESOLVED that:-   (a)      the following be approved:   (i)             the re-profiling to the Capital Programme of £69.689 million from 2024-25 to 2025-26 to reflect estimated expenditure levels in the current financial year.   (b)      the following be noted:   (i)       the projected overspend on services of £5.996 million and the assumptions outlined in this report; (ii)       the supplementary estimates at Appendix A and the required changes to the budgets; (iii)      the delivery of the approved savings at Appendix B; (iv)      the use of the contingency shown at Appendix L; (v)      the use of reserves shown at Appendix M; (vi)      the virements requested by services within delegated limits as shown in Appendix N; and (vii)     the details of capital project reprofiling shown at Appendix O.

Date of Decision: December 10, 2024