To report the provisional financial outturn position for 2024/25 for revenue and capital budgets, subject to external audit. The 2024/25 outturn shows a net underspend of £0.5 million after the use of reserves and implementation of recovery plan actions.

That: Cabinet

a)    review the financial outturn for 2024/25, as set out in the appendices A-E, and identifies any additional actions to be considered to achieve future improvements; and

b)    agree the transfer of the reported underspend of £0.5 million to increase the General Fund Balance.

Cabinet may choose to review financial performance more or less frequently; or request alternative actions to address any identified areas of variance from budget, including referral to the relevant scrutiny committee.