Purpose

To provide an update on the Quarter 2 forecast
for the 2025/26 County Council’s Revenue and Capital
Budgets

To report on the Council’s performance and risk during
Quarter 2 of 2025/26

Decision

Cllr Colin Hay provided an update on Quarter 2 end of year
forecast for the 2025/26 County Council’s Revenue and Capital
Budgets and reported on the Council’s performance and risk
during Quarter 2 2025/26
 
 
Having considered all of the
information, Cabinet noted the report and
 
RESOLVED
to:
 
 

1.             
Note the forecast revenue year end position, as at
Quarter 2, for the 2025/26 financial year, is an underspend of
£2.668 million.

2.             
Approve the £63.019 million forecast use of
reserves. This includes £45.017 million in respect of
Dedicated Schools Grant, as well as a net £18.002 million in
respect of Useable Revenue Reserves.

3.             
Note the forecast delivery of £24.985 million
savings against a 2025/26 target of £26.434 million, or 94.5%
as detailed in section B.

4.             
Approve the £32.263 million reprofiling of the
capital budget and notes the Quarter 2 capital expenditure forecast
outturn position of £144.659 million, against the reprofiled
budget of £144.368 million, as illustrated in section
C.

5.             
Approve the £2.230 million funding changes, as
detailed in paragraph 60.

6.             
Note the Prudential Indicators as explained in
section D.

7.             
Note this report of the Council’s performance
and risks. To do this, the following are provided:
 

·               
Council Strategy updates

·               
Overview of Performance

·               
Performance Scorecard

·               
Risk Scorecard