Purpose

The report will set out a summary of the Council’s actual revenue and capital spending for the quarter to June 2025 together with the main variations from the approved spending levels and impact on future budgets

Decision

RESOLVED

That the Cabinet:

a) notes the projected outturn for the financial year 2025/26 as summarised in report FIN/703.

b) approves a capital virement of £646k from the Towns Fund monies to Crawley Innovation Centre as set out within section 8.2 of report FIN/703.

c) approves an increase in the Unsupervised Play Investment Programme budget to include the play schemes included within the table above funded from £68k S106 monies and £421k CIL monies as set out in within section 8.3 of report FIN/703.

d) approves a supplementary estimate of £79k for phase two of the Housing Management Project as set out within section 8.4 of report FIN/703.

Reasons for the Recommendations

To report to Members on the projected outturn for the financial year compared to the approved budget.