Decision details

Going Concern Statement

Decision Maker: Governance, Audit and Standards Committee

Decision status: For Determination

Is Key decision?: No

Purpose:

This report sets out the assessment by the designated Section 151 Officer of the Council’s Going Concern status.

Decisions:

Members noted the assessment by the designated Section 151 Officer of the Council’s Going Concern status.

 

The financial outturn position 2023/24 showed an underspend against revised budget of £1.826m. As at 31 March 2024, the Council held General Fund revenue reserves of £6.060m. In addition, the Council held earmarked reserves of £1.405m to meet specific identified pressures, but which ultimately may be diverted to support general expenditure by the Section 151 Officer should the need arise.

 

Report author: Martin Paine

Publication date: 04/10/2024

Date of decision: 23/09/2024

Decided at meeting: 23/09/2024 - Governance, Audit and Standards Committee

Accompanying Documents: