Issue - meetings

To consider a report setting out the provisional outturn for the financial year 2024/25 for both revenue and capital.

Executive Councillor: B Mickelburgh

The Cabinet has

• considered and commented on the revenue financial performance for the financial year 2024/25, as detailed in Appendix 1 and summarised in paragraph 3.2;

• considered and commented on the capital financial performance for the financial year 2024/25, as detailed in Appendix 2 and summarised in paragraph 3.3; and

• considered and commented on the requested rephasing of capital budgets from 2024/25 to 2025/26 as detailed in Appendix 2.

A report by the Corporate Director – Finance & Resources was submitted (a copy of which is appended in the Minute Book) providing details of the Council’s provisional outturn for 2024/2025.

Having set out the report, the Executive Councillor for Finance & Resources made reference to the comments from the Overview & Scrutiny Panel (Performance & Growth). He responded that the Council had invested and given money to services that made them perform better, making them more effective which in the longer run was cheaper. He cited the examples of One Leisure who had made a surplus for the first time, which was because the Council had invested in it; St Ives Indoor Centre which was generating a third of its own electricity from the solar canopy, which was a big cost saving and which would not have happened without investing the time and effort in to the Grant; and Sawtry Swimming Pool. He concluded that the fact there had been a surplus was because the Council had been pro-active and forward thinking.

Whereupon, it was

RESOLVED

that the Cabinet considered and commented on the following -

• the revenue financial performance for the financial year 2024/25, as detailed in Appendix 1 and summarised in paragraph 3.2;

• the capital financial performance for the financial year 2024/25, as detailed in Appendix 2 and summarised in paragraph 3.3; and

• the requested rephasing of capital budgets from 2024/25 to 2025/26 as detailed in Appendix 2.