Cabinet Members will be asked to make any declarations of interest in respect of items on this agenda. 

To sign and confirm as a correct record the minutes of the meeting held on 31 March 2025.

To receive questions from the public in accordance with the Constitution.

Questions, of no longer than 50 words, can be submitted to the Democratic Support Unit, Plymouth City Council, Ballard House, Plymouth, PL1 3BJ, or email to democraticsupport@plymouth.gov.uk. Any questions must be received at least five clear working days before the date of the meeting.

To receive reports on business which, in the opinion of the Chair, should be brought forward for urgent consideration.

Councillor Mark Lowry (Cabinet Member for Finance) introduced the Provisional Revenue and Capital Outturn 2024/25.

Having considered the report  Cabinet agreed to:

1.    Note the Provisional Revenue Outturn position for the year to 31 March 2025, delivering a balanced budget despite the challenges faced

2.    Note the closing position included a release of £1.137m from the Collection Fund plus a draw down of £3.913m from other reserves to balance the outturn to the approved budget;

3.    Note the audit sign-off of the backlog of Statement of Accounts resulted in a reprofiling of the Minimum Revenue Provision charge which resulted in a release of £5.170m from the brought forward reserve;

4.    Note the Provisional Capital Outturn position for the year totals £109.309m, of which £72.997m(67%) was funded by grants or other external sources;

5. Recommend the Report to Full Council 2 June 2025.