Issue - meetings
Going Concern Statement
Meeting: 23/09/2024 - Governance, Audit and Standards Committee (Item 26)
26 Going Concern Statement 
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This report sets out the assessment by the designated Section 151 Officer of the Council’s Going Concern status.
Minutes:
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.