Decision details

Finance, Performance and Risk Monitoring Report Quarter 3 2024-25

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider the Quarter 3 2024/2025 Finance, Performance and Risk Report

Decision:

Resolved

 

(1)            That the council’s financial, performance and risk report as at the end of Quarter 3 2024 -25 be noted.

 

(2)            That the reprofiling of capital projects beyond 2024/25 (set out section 4.2.3 of the report and Appendix 1 to the report) and the subsequent update to the programme budget for this financial year 2024/25 be approved.

 

(3)            That the Use of Reserve Requests (set out in Appendix 5 to the report) be approved.

 

(4)            That the proposed write offs (set out in exempt Appendix 6 to the report) be approved.

 

(5)            That the Minimum Revenue Provision (MRP) underspend of (£1.600m) due to the reprofiling of capital projects within the programme and be noted and the moving of this to the Projects Reserve (as detailed in Appendices 2 and 5 of the report) be approved.

 

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Reason No Public Access: There may be exempt appendices by virtue of paragraph 3 of schedule 12A of Local Government Act 1972

Declarations: None

Subject to Urgent Proceedings: No

Contact: Leanne Lock, Strategic Business Partner - Business Partnering & Controls Email: leanne.lock@cherwell-dc.gov.uk Tel: 01295 221558, Celia Prado-Teeling, Performance Team Leader Email: celia.prado-teeling@cherwell-dc.gov.uk Tel: 01295 221556.

Report author: Leanne Lock

Publication date: 04/02/2025

Date of decision: 03/02/2025

Decided at meeting: 03/02/2025 - Executive

Effective from: 11/02/2025

Accompanying Documents: