Issue - meetings
Meeting: 13/05/2025 - The Cabinet (Item 8)
8 FINAL ACCOUNTS 2024/25 - REVENUE OUTTURN 
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Cyflwynwyd gan: Cyng. Huw Wyn Jones
Additional documents:
- Appendix 1, item 8
PDF 328 KB
- Appendix 2, item 8
PDF 366 KB
- Appendix 3, item 8
PDF 184 KB
- Webcast for FINAL ACCOUNTS 2024/25 - REVENUE OUTTURN
Decision:
|
DECISION To accept the report and consider the final
financial position of the Council’s departments for 2024/25:
Noting that there is significant overspend by the Adults,
Health and Well-being Department, the
Children and Families Department, the Highways, Engineering and YGC
Department, and the Environment Department in 2024/25 (please see column A in
the table above), Approve the following financial virements (which are
explained in Appendix 2 to the report) -
·
In line with the
Cabinet decision of 21 January 2025, to not allow departments to carry any
underspend into the next financial year by excluding clause 16.3.1. (C) of
the Financial Regulations (See column B in the table above). ·
Confirm the
financial support of £281k above the contractual payment to Cwmni Byw'n Iach,
and use £1.1m from the Parc Adfer Contributory Earnings Recovery fund to fund
the overspend in the Waste field (See column C in the table above). ·
The departments
that are overspending to receive one-off financial support, limiting the
level of overspend to be carried forward by the Department to £100k (See
column CH in the table above). ·
On Corporate
budgets: - use (£5.144 million) of the underspend on corporate
budgets to assist the departments that have overspent in 2024/25. - the remainder of the underspend of (£1.548 million)
on Corporate budgets to be transferred to the Transformation Fund, to be used
for the Council's priorities. Approve the amounts to be carried forward (the
“Adjusted Over/(Under) Spend” column in column D above and in Appendix 1). The financial virements from the specific reserves were
approved as outlined in Appendix 3 following a review of the reserves: -
harvest £1.275
million from various funds and transfer it to the Transformation Fund. -
De-commit £375k of
historical or non-committed schemes in the Transformation Fund. -
Move £2.5 million
from the Financial Strategy Support fund to the Transformation Fund so that
they are available for the Council's priorities and to fund one-off bids into
the future. |
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Minutes:
The report was submitted by Cllr Huw Wyn
Jones.
DECISION
To accept the report and consider the final financial
position of the Council’s departments for 2024/25:
|
|
Column A |
Column
B |
Column
C |
Column
CH |
Column
D |
|
|
Gross
Over/(Under) Spend 2025/25 |
Recommended Adjustments |
Adjusted
Over/(Under) Spend 2024/25 |
||
|
|
£ ‘000 |
£ ‘000 |
£ ‘000 |
£ ‘000 |
£ ‘000 |
|
Adults,
Health and Well-being |
857 |
|
|
(757) |
100 |
|
Children
and Families |
3,805 |
|
|
(3,705) |
100 |
|
Business
and Care Commissioning Service |
(15) |
15 |
|
|
0 |
|
Education
|
(191) |
191 |
|
|
0 |
|
Economy
and Community |
281 |
|
(281) |
|
0 |
|
Highways,
Engineering and YGC |
656 |
|
|
(556) |
100 |
|
Environment |
1,349 |
|
(1,100) |
(149) |
100 |
|
Housing
and Property |
(3) |
3 |
|
|
0 |
|
Corporate
and Legal Management Team |
(48) |
48 |
|
|
0 |
|
Corporate
Services |
(42) |
42 |
|
|
0 |
|
Finance |
(5) |
5 |
|
|
0 |
It was noted that there was significant overspend by
the Adults, Health and Well-being Department, the Children and Families
Department, the Highways, Engineering and YGC Department, and the Environment
Department in 2024/25 (please see column A in the table above). The following financial
virements (which were explained in Appendix 2 to the report) were approved -
·
In line with the Cabinet's decision on 21
January 2025, to not allow departments to carry any underspend into the next
financial year by excluding clause 16.3.1.(C) of the Financial Regulations (See
column B in the table above).
·
Confirm the financial support of £281k above the
contractual payment to Cwmni Byw'n Iach,
and use £1.1 million from the Parc Adfer
Contributory Earnings Recovery fund to fund the overspend in the field of Waste
(See column C in the table above).
·
The departments that were overspending to
receive one-off financial support, limiting the level of overspend to be
carried forward by the Department to £100k (See column CH in the table
above).
·
On Corporate budgets:
·
use (£5.144 million) of the
underspend on corporate budgets to support departments that had overspent in
2024/25. The remainder of the underspend of (£1.548 million) on Corporate budgets to be transferred to the Transformation
Fund, to be used for the Council's priorities.
Amounts had been approved to be carried forward (the
"Over/(Under) Adjusted Expenditure" column in column D above and in
Appendix 1).
The financial virements from the specific reserves
were approved as outlined in Appendix 3 following a review of the
reserves:
·
harvest £1.275 million from various funds and
transfer it to the Transformation Fund.
·
De-commit £375k of historical or non-committed
schemes in the Transformation Fund.
·
Move £2.5 million from the Financial Strategy
Support fund to the Transformation Fund so that they are available for the
Council's priorities and to fund one-off bids into the future.
DISCUSSION
The report detailing the final financial position of the Council departments was submitted outlining the reasons for the overspending or underspending. It was highlighted that the situation had improved since the August and November reviews. It was noted that overspending continued in the out-of-county care areas of the Children and Supporting Families Department, the Derwen Service, Domiciliary Care Service and the field of Waste. It was explained that significant grant ... view the full minutes text for item 8
Awdur: Ffion Madog Evans: Assistant Head of Finance Department - Accountancy and Pensions