Summary cashflow 2024-25

Cashflow is the actual money that is moving in and out of the authority’s bank accounts.

The following statement shows that the authority had sufficient income to cover its outgoings for the period 2024-25. Figures for the previous year (2023-24) are also included to provide a comparison.

The increase in the amount of cash held by us (£15.3m) was largely due to a one off grant payment from government to cover the pension legislation changes related to the Matthews legal case that are due to be paid out in the new financial year. The authority invests its cash in deposit accounts to earn interest and so this will affect the cashflow.