Purpose

To consider the Period 4 financial management
report.

Content

(a)    That the Senior Leadership Team’s (SLT) forecast of
the full year’s outturn for the Council, made at the end of July 2025 including
progress of the transformational and efficiency savings incorporated into the
budget, be noted.

 

(b)    It was noted that SLT will be bringing forward
financial control measures in response to the forecast position.

 

(c)    That the capital programme for 2025/26 be noted.

 

(d)    That the number and extent of contract exemptions be
noted.

 

 

Reason for the decision

 

The Council was legally
required to set a balanced budget every year and so must deliver services
within the resources made available through the revenue and capital budgets for
2025/26.  The report summarised the Council’s
forecast financial performance for the year at the end of July 2025.