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 September 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
£0.8m General Fund revenue overspend forecast at period 6 of
the 2025/26 financial year, as detailed in section 2 of the
report;
 
(ii)  Approve the planned
movement in reserves totalling £11m, as detailed 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
breakeven position forecast for the Housing Revenue Account at
period 6, as set out in section 6 of the report;
 
(v)  Note the projected
£3m overspend within the Dedicated Schools Grant at period 6,
as set out in section 7 of the report; and
 
(vi)  Note the Capital Programme
expenditure forecast of £207.4m at period 6, as set out in
section 8 of the report.