Purpose

This report presents the 2025-26 in-year
financial performance to Month 2 (May) for noting by Cabinet and
seeks approval for any capital variations, reprofiling, exception
measures or new reserves.

Content

1)           
Cabinet notes the forecast risk
position for the General Fund, which indicates a potential forecast
overspend risk of £15.486m.
 

2)           
Cabinet notes the forecast overspend risk for the
separate Housing Revenue Account (HRA), which is an overspend of
£0.450m.

3)           
Cabinet notes the forecast overspend risk for the
ring-fenced Dedicated Schools Grant, which is an overspend of
£4.437m.

4)           
Cabinet notes the forecast position on the Capital
Programme which is an underspend variance of
£0.417m.

5)           
Cabinet approves the capital budget variations and
re-profiling requests set out in Appendix 5.

6)           
Cabinet approves the new capital schemes requested
in Appendix 6.