Purpose

To
consider the Quarter 2 Financial Monitoring Report 2024/25.

Content

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

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

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

(d)          
That authority be
delegated to the Executive Director for People (Children) in consultation with
the Cabinet Member for Children’s Services, Education and Skills to award phase
2 of the valuing care programme with IMPOWER which increases total spend to £0.94m.
(as set out in Appendix D of the report to Cabinet of 11 November 2025)

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 September 2025.