Decision details

Cabinet was updated on the revenue and capital outturn position for 2024/25, and provided with an update on progress with the preparation of the draft annual statement of accounts for 2024/25.

The accounts for 2024/25 had been finalised, subject to audit, and showed an underspending on the General Fund revenue account of £1.402m and an underspending on the Housing Revenue Account (HRA) of £534k when compared to the revised estimates. There was praise for the officers who had prepared the report and it was highlighted that despite the excellent figures these were difficult times for local government finances.

RESOLVED that the:

1.   Accounts summary for the financial year ended 31 March 2025, subject to audit, be approved.

2.   Revenue budget carry forward requests outlined in the report be approved and included as supplementary revenue estimates in the 2025/26 budget.

3.   Capital budget carry forward requests outlined in the report be approved and included as supplementary capital estimates in the 2025/26 budget.

Reason

To be accountable for all activities and actions and to ensure that the Council conforms to all financial regulations. The report summarises the Council’s finances at the end of each financial year.

(Having declared other registerable interests Councillors C Carr, R D MacRae and J W McGrath, left the meeting before discussion or voting thereon.)