Decision details
F S341 2024/25 Overall Financial Position Report - September 2024
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
RESOLVED:
1. Noted the overall financial position of the Council and in particular the overspend and the initiatives set out to mitigate this, as at September 2024.
2. Approved the 2025-26 Local London Business Rates Pool recommendations set out in Appendix 4.
3. Noted the Revised MTFP 2025-26 to 2027-28 attached at Appendix 5 and the revised budget gaps (2025-26 £35.814m, 2026-27 £49.281m and 2027-28 £67.230m)
REASONS FOR DECISION
To facilitate financial management and control of the Council's finances.
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND REJECTED
This budget monitoring report is primarily an update on the Council’s financial position.
Publication date: 26/11/2024
Date of decision: 25/11/2024
Decided at meeting: 25/11/2024 - Cabinet
Accompanying Documents:
- 08 - F S207 2024-25 Overall Financial Position - September 2024
PDF 274 KB - 08-1 - September OFP Appendix 1 Approved saving plan 2024_25 to 2026_27 - Google Sheets
PDF 221 KB
- 08-2 - September OFP Appendix 2 - Cost of Living
PDF 108 KB
- 08-3 - September OFP Appendix 3 - Use of Reserves
PDF 97 KB
- 08-4 - September 2024 OFP Appendix 4 Pooling
PDF 64 KB
- 08-5 - September OFP Appendix 5 - Revised Medium Term Financial Plan 2025_26 to 2027_28 - Google Docs
PDF 593 KB