Purpose

To report on Quarter
1 Revenue and Capital Monitoring and to consider any specific
recommendations on the application of resources in-year, including
movements to and from reserves, as required by financial procedure
rules.

Content

RESOLVED –
 
1) That the forecast revenue outturn position
at Quarter 1 for 2025/26 (£5.9m overspend) be noted and that
it be further noted that Executive Directors have been asked to
bring forward sustainable proposals to reduce the overspend to
bring the budget back into balance. 
2) That it be approved that £149k of the
budget amendment for Christmas week bin collections be redirected
to support the Flytipping Strategy
(£100k) and the Kirklees Clean-Up project
(£49k). 
3) That the Quarter 1 forecast that the
Dedicated Schools Grant (DSG) deficit is forecast to increase by
£12.5m in 2025/26 to £76.3m be noted.
4) That the Quarter 1 forecast HRA position as
£181k overspend and forecast year-end reserves position of
£14m be noted.
5) That the Quarter 1 forecast capital
monitoring position for 2025/26 be noted and approval be given to a
further net reduction in the 2025/26 position of £9.6m due to
£9.9m re-profiling (£7.2m General Fund and £2.7m
HRA) into future years.
6) That £0.4m net increase in the
overall capital plan (£0.3m 2025/26, £0.1m 2026/27) due
to increased grant and S106 contributions be noted.  
6) That the Quarter 1 treasury management
prudential indicators be noted.