Issue - meetings

Report of the Chief Finance Officer and S151 Officer.

RESOLVED that:

Members approve the Annual Treasury Activity Report for 2024/25, as required by the regulations.

Report of the Chief Finance Office and S151 Officer.

RESOLVED that:

Members approve:

      i.                The overall method of financing of the 2024/25 capital expenditure; and

     ii.                The determination of the minimum revenue provision for the repayment of debt

Report of the Chief Finance Officer and S151 Officer.

Consideration was given to a report of Chief Finance Officer, which had been circulated prior to the meeting, to seek Cabinet approval to inform Members of the outturn in respect of the 2024/25 Prudential Code Indicators, and to advise Members of the outturn on treasury activity, both as required by the Council’s Treasury Management Strategy.

Resolved:

That:

Members approve the Annual Treasury Activity Report for 2024/25 and refer it to Full Council for approval, as required by the regulations.

Report of the Chief Finance Office and S151 Officer.

The Chief Finance Officer introduced a report, which had been circulated prior to the meeting, to present the Budget Outturn and Budget Carry Forwards for 2024/25.

An amendment was made after the publication of the report to appendix 3 due to a late adjustment.

Resolved:

To:

1) Note the Budget Outturn figures for 2024/25;

2) Approve the movements in Earmarked Reserves and Provisions as detailed in paragraphs 2.7;

3) Note the capital carry forwards approved by the Chief Financial Officer included in Appendix 6, being amounts not in excess of £50,000 and committed schemes above £50,000.

4) Approve the capital carry forwards of £1,994,600 included in Appendix 6 for non-committed schemes in excess of £50,000.

5) Refer to Council for approval:

i) The overall method of financing of the 2024/25 capital expenditure as set out in paragraph 3.4;

ii) The determination of the minimum revenue provision for the repayment of debt as set out in paragraph 3.5.