Issue - meetings
2024/25 Draft Final Accounts and Treasury Management
Meeting: 09/09/2025 - Executive (Item 163)
To report the 2024/25 draft final revenue results including draft closing general reserves.
To bring the 2024/25 draft final capital and updated ongoing programme for members’ approval including draft closing capital funding and resources carried forward.
To report the draft financial results of the treasury management function for the year ended 31 March 2025.
To update Members on the principal areas where there are likely to be departures from the 2025/26 revenue budget and summarise those variations to the end of July 2025 including updates on progress with the capital programme and funding and any amendments to the lending list for treasury management purposes.
Additional documents:
- Report Exec 9.9.25 appendix 1 Capital Programme, item 163
PDF 337 KB
- Report Exec 9.9.25 appendix 2 revenue budget variations, item 163
PDF 101 KB
- Report Exec 09.09.25 app 3 Lending List, item 163
PDF 117 KB
- Report Exec 09.09.25 Appendix 4 TM Year End Results, item 163
PDF 263 KB
Decision:
It was PROPOSED by Councillor Parrott and SECONDED by Councillor Keeling and
RESOLVED
That the Executive:
1) Note the draft revenue results for 2024/25.
2) Approve the draft year end capital and updated programme as shown at appendix 1.
3) Approve the revenue budget variations for 2025/26 as shown at appendix 2.
4) Note the updated lending list as shown at appendix 3.
5) Recommends to Council that the Draft Treasury Management Results for 2024/25 at appendix 4 are noted.
Minutes:
The Executive considered the report which reported the 2024/25 Draft Final Revenue results including draft closing general reserves, The 2024/25 Draft Final Capital and updated ongoing programme, the Draft Financial results of the treasury management function for the year ended 31 March 2025, an update on the principal areas where there are likely to be departures from the 2025/26 Revenue Budget and updates on progress with the capital programme and funding and any amendments to the lending list for treasury management purposes.
Councillor Parrott introduced the item and appraised Members of the content within the report. Councillor Parrott reported that the 2024/25 Draft Accounts were considered by the Audit Committee on 2nd September 2025 and were published on 4th July 2025 and available online on the Council’s website.
Councillor Parrott gave an overview of the key areas within the report including the Statement of Accounts, variations to the original budget, bad debt, the Draft 2024/25 Capital Programme, the Treasury Management Authorised Lending List and Treasury Management Results 2024/25.
Councillor Parrott also gave an overview of the Revenue Budget Monitoring 2025/26 and highlighted the variations by service as detailed in the report.
The Leader and Councillor Nutley commented on the increased leisure incomes from increasing memberships.
Executive Members thanked the Director of Corporate and Section 151 Officer and the Finance Team.
The matter having been debated and the options and alternatives and other relevant factors highlighted (e.g. financial, legal and risk implications), it was PROPOSED by Councillor Parrott and SECONDED by Councillor Keeling and
RESOLVED
That the Executive:
1) Note the draft revenue results for 2024/25.
2) Approve the draft year end capital and updated programme as shown at appendix 1.
3) Approve the revenue budget variations for 2025/26 as shown at appendix 2.
4) Note the updated lending list as shown at appendix 3.
5) Recommends to Council that the Draft Treasury Management Results for 2024/25 at appendix 4 are noted.