Decision

Report Title: Second Quarter of Financial
Year 2025/26 Revenue and Capital Monitoring Report
 
Presented by: Councillor Chris Wilkins
(Cabinet Member for Finance)
 
Cabinet:
 
2.1       Cabinet noted
the revenue monitoring position of the Council as at the end of
September 2025 (quarter two of the financial year.) This includes a
forecast underspend on the Council’s General Fund of
£7.65m (sections 4, 5 and 6), an underspend on the HRA of
£2.33m (Section 8) and an overspend of £28m DSG budgets
that will bring the overall DSG deficit to £65m (section 9).
The consequent impact on the Council’s reserves is set out in
section 11).
           
2.2       Cabinet noted
the progress toward the delivery of savings as set out in the
Council’s MTFS as at the end of September 2025 (quarter two
of the financial year) as set out in section 7
 
2.3       Cabinet noted
the capital monitoring position of the Council as at the end of
September 2025 (quarter two of the financial year) as set out in
section 12
 
2.4       Cabinet noted
the update in section 10 on the position of the Council’s
maintained schools and to delegate to the Director of Starting Well
in conjunction with the Strategic Director for Resources and the
appropriate Cabinet members the ability to grant a licensed deficit
to qualifying schools.