Second Financial Review 2025/26
November 3, 2025 Finance Sub-Committee (Committee) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...that the Finance Sub-Committee approved the recommendations within the Second Financial Review 2025/26 report, including reviewing the factors leading to a forecast adverse net revenue financial pressure, reviewing in-year forecast capital spending, approving a temporary budget virement, recommending Council approval for a supplementary revenue estimate request, noting capital virements and budget reductions, and noting the available reserves position.
Full council record
Purpose
1 This report provides the current forecast
outturn for the financial year 2025/26 based on our income,
expenditure and known commitments as at the end of August 2025. It
also identifies actions that are being taken to address adverse
variances to urgently address our financial
sustainability.
Related Meeting
Finance Sub-Committee - Monday, 3rd November, 2025 2.00 pm on November 3, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 3 Nov 2025 |
| Subject to call-in | Yes |