This report gives Members an overview of the financial performance against the budget for the third quarter of 2024/25.

DECISIONS

1.    That the financial performance against the budget for the quarter ending 31st December 2024 be accepted.

2.    That the forecast contribution as set out in paragraph 4.7 of the report of £31,682 to General Fund balances be approved.

3.    That additional resource requirement for 2024/25 as set out in paragraph 4.5 of the report be approved.

Reasons:

1.    It is good practice that Members have oversight of the Council’s financial performance at regular points during the financial year.

2.    To recognise movements in the call on reserves and balances to date, along with potential variances in establishment costs and key income streams that may arise between now and the end of the financial year.