F S520 2025/26 Overall Financial Position Report - May 2025 - To Follow

July 21, 2025 Cabinet (Cabinet collective) Key decision Deleted View on council website

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Summary

... the Cabinet of Hackney decided to note the council's overall financial position as of May 2025, including the overspend and mitigation initiatives, and to approve the General Fund and HRA savings outlined for incorporation into future budget and rent setting reports.

Full council record
Content

RESOLVED:
 
That Cabinet:
 
1. 
Note the overall financial position of the Council and
in particular the overspend and the initiatives set out to mitigate
this, as at May 2025
 
2. 
Approve the General Fund and HRA savings summarised in
2.10 and set out in detail in Appendix 1. These will be
incorporated into the 2026/27 HRA and Rent Setting Report going to
Cabinet in January 2026 and into the 2026/27 Budget Setting and
Council Tax report going to Full Council as part of its budget
setting process in March 2026.
 
REASONS for DECISION:
 
To facilitate financial management and control
of the Council's finances and to approve the savings at Appendix
1.

Related Meeting

Cabinet - Monday 21 July 2025 6.00 pm on July 21, 2025

Supporting Documents

202526 Overall Financial Position - May 2025.pdf
Appendix 1 Savings Appendix for May OFP 2.pdf
Appendix 2 May OFP 2025-26 to 2027-28 Savings - Savings 2.pdf

Details

OutcomeDeleted
Decision date21 Jul 2025