Decision details

Before the Committee was a report by the Director for Sustainability and Resources, copies of which had been circulated to all Members and a copy of which is attached to the signed copy of these minutes as Item 6.

The updated the Joint Strategic Committee with expenditure and income projections for both Adur District Council and Worthing Borough Council for the current financial year 2024/25, compared to the Revenue Budget approved by both Councils in February 2024. This report was accurate to 31st December 2024 with any relevant updates included beyond that date wherever possible.

The outturn projection for the 2024/25 financial year for the Worthing Borough Council General Fund was a net overspend of £792k and for Adur District Council General Fund is a net underspend of £558k. These projections reflected the assumption that the budgeted contributions to rebuild reserves within the councils budgets would not be possible unless there were underspend outturn positions and surplus funds to transfer.

Decision:

1)    That  the report and projected outturn position for the Joint Committee, Adur District Council and Worthing Borough Council against the approved revenue budgets and proposed use of reserves be noted (Appendix 2b and 3b).

Call In: The call-in deadline for decisions will be 5.00pm on 18 March 2025