Purpose

The Cabinet will be asked to
consider the projected position of the Council’s revenue and
capital budgets for 2025/26 as at the end of June 2025 and, if
necessary, consider proposals for in-year adjustments aimed at
achieving an accurate and balanced budget position at the year
end.

Content

Cabinet resolved to:
 
(i)  Note the projected
£0.2m General Fund revenue overspend forecast at period 3 of
the 2025/26 financial year, as set out in sections 2 and 3 of the
report;
 
(ii)  Approve the movement
in reserves totalling £6.69m, as set out in section 5 of the
report;
 
(iii)  Note the progress on
delivery of savings, as set out in section 3 of the report;
 
(iv)  Note the projected
£4.3m revenue underspend for the Housing Revenue Account at
period 3, as set out in section 6 of the report;
 
(v)  Note the projected
£6.6m overspend within the Dedicated Schools Grant at period
3, as set out in section 7 of the report; and
 
(vi)  Note the Capital Programme
expenditure forecast of £239.6m at period 3 against the
reprofiled budget of £233.6m, as set out in section 8 of the
report.