Decision details

(i)             to note the unaudited final outturn position for financial year 2023/24 as detailed in Appendix 1;

(ii)           to note that the General Fund had recorded a balanced operational position for the year 2023/24. The uncommitted General Fund reserve remained in line with the approved Reserves Policy;

(iii)          to note that the Housing Revenue Account (HRA) had recorded a deficit of £1.525m for the year, and this would have to be funded from the uncommitted HRA reserve;

(iv)          to note that the Common Good had recorded an operating surplus of £1.814m for the year, which was better than the approved use of cash reserves. After investment valuation changes and capital receipts were included, cash balances increased by £1.614m and remained in line with recommended levels;

(v)           to approve the various transfers for 2023/24, between Council Reserves and Earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as of 31 March 2024, as detailed in Appendix 1;

(vi)          to approve the reprofiling of the 2024/25 - 2027/28 capital programmes to take account of the year end position and that the outcome of this was incorporated into the 2024/25 Quarter 1 reporting;

(vii)        to note that the unaudited Annual Accounts for 2023/24 had been presented to the Audit, Risk and Scrutiny Committee on 9 May 2024, including the Annual Governance Statement and Remuneration Report for the year;

(viii)       note that following the meeting of the Finance and Resources Committee on 4 May 2024, the Convener and Vice Convener wrote to UCAN to make them aware that Aberdeen City Council's External Funding Team would be able to assist with any funding applications; and

(ix)          understand that UCAN had since engaged with the External Funding Team to assist them in securing funding of £2.5m towards a urological Rapid Diagnostic Centre.