Issue - decisions

Resolved:

                      i.         Noted the finance and performance information;

                     ii.         Noted the use of the contingency and earmarked reserves to fund the overspend of £3.6m;

                    iii.        Approved the £591k savings identified during the year and outline in paragraphs 89 to 91 of the report as part of the review of early intervention and prevention activities across the Council;

                   iv.        Approved the business rates write offs outlined in paragraphs 29 to 32 of the report.

Reason:     To ensure expenditure is kept within the approved budget.

                     v.        Approved the extension to April 2026 for the letter of credit to York Museums Trust as outlined in paragraphs 24 to 26 of the report;

                   vi.        Approved the provision of a letter of guarantee to the York Theatre Royal, providing them with access to a maximum of £426k over the next 2 years should it be required as outlined in paragraphs 27 to 28 of the report.

Reason:     To secure the financial viability and confidence in the

Theatre Royal through its change programme