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Details
Business Item
2024/25 Q3 Financial Performance Report
Date of Decision
Tue 4 Mar 2025
Description
Report of the Cabinet Member with Responsibility for Resources and Value for Money
Matter for Decision (to consider...)
To consider the report of the Cabinet Member with Responsibility for Resources and Value for Money
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Is Decision District Wide
Yes
Decision Made
That Cabinet:
1. Noted the Council’s financial position for the period April to December 2024 and the forecast position for the end of the financial year.
2. Noted the areas of financial risk identified, the impact of which is reflected in the Medium-Term Financial Strategy.
Reason for Decision
The report provided an overview of the Council’s financial performance, comparing the actual expenditure and income position at the end of Quarter 3 (April to December 2024), to the approved budgets for 2024/25 for revenue and capital, including the General Fund and the Housing Revenue Account (HRA).
The report also summarises key budget risks, which may lead to future financial implications over the duration of the Medium Term Financial Strategy (MTFS).
Alternative Options Considered and Rejected
Not to provide quarterly financial performance information was not recommended. Regular financial reporting supported good financial governance and allowed for the Council to respond to any emerging issues in a timely manner.
Any Declarations of Interest Declared
None
Any Dispensation Granted
None
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 20/02/2025 12:45:20 | Alli Stone | Business Item Created | |
| 20/02/2025 12:45:20 | Alli Stone | Committee Added | Cabinet |
| 20/02/2025 12:45:20 | Alli Stone | Meeting Added | 04/03/2025 6:00PM |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Aldeburgh and Leiston |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Beccles and Worlingham |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Bungay and Wainford |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Carlford and Fynn Valley |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Carlton and Whitton |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Carlton Colville |
| 20/02/2025 12:47:33 | Alli Stone | Ward Added | Deben |
Approval/Comments
No history found.