Purpose

The report provides the first financial
monitoring update for financial year 2025/26

Decision

(1) 
To note the 2025/26 revenue budget risk analysis detailed within
paragraphs 3.2 to 3.10 of the report (as at the end of June
2025).
 
(2) 
To note and approve where required the revenue virements listed in
Appendix 3(i) of the report.
 
(3) 
To note the capital year-end forecast detailed in paragraph 3.23 of
the report.
 
(4) 
To the changes in the capital programme including capital schemes
that have been agreed for full approval under delegation listed in
Appendix 2(i) of the report.

Reasons for the decision

The report presented an overview of
services across the Authority with the highest risk of financial
pressure or upside for the 2025/26 financial year, using
information available up to the end of June 2025.
 
The Budget Management Scheme requires
that the Cabinet considers the revenue and capital monitoring
position four times per year.

Alternative options considered

None.