Issue details

Financial Update – Quarter 2 – 2024/25

Note the forecasted year-end outturn position on the revenue budget and the capital investment plan as at Quarter 2 of 2024/25 and recommend to Cabinet to recommend Full Council to approve capital borrowing for increased prudential borrowing.

Approve the revised position for Quarter 2 on Treasury Management and Prudential Indicators.

Approve the itemised revenue and capital budget virements

Decision type: Key

Reason Key: Both Incurring expenditure or savings which are significant and significant impact on two or more wards;

Decision status: Recommendations Approved

Notice of proposed decision first published: 08/11/2024

Decision due: 10 Dec 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

Consultation with all Directorates

Consultees

Consultation with all Directorates

Decisions

Agenda items