Decision

The Assistant Director Finance and Accounting has decided to update the Council's General Fund revenue outturn position for 2024/25 at Quarter 2.

Analysis

outcome: Recommendations were approved by the Transport, Regeneration and Climate Policy Committee.

summary: The decision involves updating the Council's General Fund revenue outturn position for 2024/25 at Quarter 2.

topline: The Assistant Director Finance and Accounting has decided to update the Council's General Fund revenue outturn position for 2024/25 at Quarter 2.

reason_contentious: This issue is not contentious as it involves formal recording of changes to the Revenue Budget.

affected_stakeholders: ["Council members", "Finance and Accounting department"]

contentiousness_score: 0

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

URL: https://democracy.sheffield.gov.uk/ieDecisionDetails.aspx?ID=4189

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: 8.1 The Assistant Director Finance and Accounting presented a report that brought the Committee up to date with the Council’s General Fund revenue outturn position for 2024/25 as at Quarter 2.     8.2 RESOLVED UNANIMOUSLY: That the Transport, Regeneration and Climate Policy Committee notes the updated information on the 2024/25 Revenue Budget Outturn as described in this report including the detailed committee budget monitoring information and management actions provided.     8.3 Reasons for Decision     8.3.1 To record formally changes to the Revenue Budget.     8.4 Alternatives Considered and Rejected     8.4.1 The Council is required to both set a balanced budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.  

Date of Decision: December 18, 2024