Decision details

(a)      note the unaudited final outturn position for financial year 2024/25 as detailed in Appendix 1;

(b)      note the General Fund has recorded a balanced position on the operational budget for the year 2024/25. The uncommitted General Fund reserve remains in line with the approved Reserves Policy;

(c)      note that the Housing Revenue Account has recorded a deficit of £3.001m for the year, and this will have to be funded from the uncommitted HRA reserve. The uncommitted HRA reserve is below the recommended level;

(d)      note that the Common Good has recorded an operating surplus of £0.054m for the year, which is better than the approved use of cash reserves. After investment valuation changes are included, cash balances decreased by £0.451m but remain in line with recommended levels;

(e)      approve the various transfers for 2024/25, between Council Reserves and earmarked sums for the General Fund, Housing Revenue Account, Common Good and Statutory Funds as of 31 March 2025, as detailed in Appendix 1;

(f)       approve the reprofiling of the 2025/26 – 2028/29 capital programmes as detailed in Appendix 1, page 13, to take account of the year end position and that the outcome of this is incorporated into the 2025/26 Quarter 1 reporting; and

(g)      note that the unaudited Annual Accounts for 2024/25 will be presented to Audit, Risk and Scrutiny Committee on 8 May 2025, including the Annual Governance Statement and Remuneration Report for the year; and

(1)      agree to provisionally allocate £35k, from the Common Good Fund, to facilitate a parade and celebrations if Aberdeen FC win the 2024/25 Scottish Cup;

(2)      wishes Aberdeen FC every success in the upcoming final on 24 May 2025 at Hampden Park; and

(3)      that in relation to Common Good earmarked reserves pertaining to AWPR Drainage Issues for future issues, the Chief Officer – Finance would clarify what the funding was specifically earmarked for and determine whether it could be used in relation to the issues at Culter House Road and circulate details to the members of the Committee and Councillor Boulton in this regard.