Purpose

To provide Cabinet with an update of Council Plan performance and the Revenue Budget outturn position for 2025-26 at 31 March 2026.

Decision

RESOLVED to:

1)                 Note and agree the Council Plan performance and Revenue outturn position for 2025-26;

2)                 Note the cumulative deficit of £93.308m on the Dedicated Schools Grant at 31 March 2026 as set out in paragraph 4.52;

3)                 Note the position on General and Earmarked Reserves;

4)                 Agree and approve the two budget carry forwards from as listed in paragraph 4.37 and 4.38;

5)                 Seek approval from full Council to carry forward the Flexible Capital Receipts totalling £25.195m including the £5.000m for LGR transformation costs to fund the efficiency and transformation projects as outlined in 4.45;

6)                 Note that the report will be considered at the Council meeting on 15 July 2026; and

7)                 Approve the permanent virement of £36.671m and temporary virement of £0.039m from Children’s Services to Place for the Travel to School Service as detailed in paragraph 4.64.