Final Outturn 2024/25 - Revenue and Capital Monitoring Report
Kensington and Chelsea Council is discussing the 2024/25 financial year's £5.207m revenue underspend and its allocation.
Kensington and Chelsea Council reported a £5.207m underspend in its General Fund revenue budget for the 2024/25 financial year, with capital projects also underspending. This surplus is being transferred to reserves, with £381k allocated to the Car Parking reserve and £4.827m to the Budget Stabilisation reserve, as discussed by the Overview & Scrutiny Committee in July 2025.
The Final Outturn 2024/25 - Revenue and Capital Monitoring Report details the actual financial performance against the budget for the financial year. The total General Fund revenue budget for 2024/25 was £195.100m, according to the report presented to the committee in July 2025.
Key facts
- Kensington and Chelsea Council reported a £5.207m underspend in its General Fund revenue budget for 2024/25. Source
- Capital projects were also underspent for the 2024/25 financial year. Source
- £4.827m of the underspend will be allocated to the Budget Stabilisation reserve. Source
- £381k of the underspend will be allocated to the Car Parking reserve. Source
- The total General Fund revenue budget for 2024/25 was £195.100m. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.