Issue details

Financial Update – Quarter 1 – 2024/25

Note the forecasted year-end outturn position on the revenue budget and the capital investment plan as at Quarter 1 of 2024/25 and recommend to Cabinet to recommend Full Council to approve capital borrowing for increased prudential borrowing and a transfer between blocks.

Approve the revised position for Quarter 1 on Treasury Management and Prudential Indicators.

Approve the itemised revenue and capital budget virements
Approve debt write offs

Decision type: Key

Reason Key: Incurring expenditure or savings which are significant;

Decision status: Recommendations Approved

Notice of proposed decision first published: 20/08/2024

Decision due: 17 Sep 2024 by Cabinet

Lead director: Finance Director (Section 151 Officer)

Contact: Phil Winstanley, Finance Director (Section 151 Officer) Email: philip.winstanley@redcar-cleveland.gov.uk.

Consultation process

Various methods of consultation

Consultees

Consultation with all Directorates

Decisions

Agenda items