Issue - meetings
Finance Monitoring Report May 2025
Meeting: 01/07/2025 - Executive (Item 21)
Finance Monitoring Report May 2025 - Exempt Appendix
Additional documents:
Decision:
As set out under item 9
Minutes:
There being no questions on the exempt appendix, this item had been agreed as set out under Minute 19.
Meeting: 01/07/2025 - Executive (Item 19)
19 Finance Monitoring Report May 2025 
PDF 950 KB
Report of Assistant Director (S151 Officer)
Purpose of report
To report to the committee the council’s forecast yearend financial position as at the end of the May 2025 further detail can be found in the report and its appendices.
Recommendations
The Executive resolves:
1.1 To consider and note the contents of the council’s financial management report as at the end of May 2025.
1.2 To approve the Use of Reserve and Grant Funding Requests set out in Appendix 4.
1.3 To approve the proposed write offs set out at exempt Appendix 5.
Additional documents:
- Appendix 1 - Detailed Revenue Narrative on Forecast May 2025, item 19
PDF 104 KB
- Appendix 2 - Virements & Aged Debt May 2025, item 19
PDF 340 KB
- Appendix 3 - Funding May 2025, item 19
PDF 347 KB
- Appendix 4 - Use of Reserves and Grant funding May 2025, item 19
PDF 470 KB
- Annex to Mintues - Use of Reserves and Grant funding May 2025, item 19
PDF 469 KB
- Webcast for Finance Monitoring Report May 2025
Decision:
Resolved
(1) That the council’s financial management report as at the end of May 2025 be noted.
(2) That the Use of Reserve and Grant Funding Requests (Appendix 4 to the report) be approved.
(3) That the proposed write offs (exempt Appendix 5) be approved.
Minutes:
The Assistant Director Finance (S151 Officer) submitted a report to report to Executive the council’s forecast yearend financial position as at the end of the May 2025.
There being no questions on the exempt appendix to the report, it was not necessary to exclude the press and public during this item.
Resolved
(1) That the council’s financial management report as at the end of May 2025 be noted.
(2) That the Use of Reserve and Grant Funding Requests (Annex to the Minutes as set out in the Minute Book) be approved.
(3) That the proposed write offs be approved.
Reasons
The report updates the Committee on the projected year-end financial position of the council for 2025/26. Regular reporting is key to good governance and demonstrates that the council is actively managing its financial resources sustainably.
Alternative options
Option 1: This report summarises the council’s forecast revenue financial position up to the end of March 2026, therefore there are no alternative options to consider.