Quarter 1 Financial Performance Report 2026/27
September 23, 2026 Cabinet (Cabinet collective) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Cabinet of Lambeth Council approved recommendations on 23 September 2026 regarding the Quarter 1 Financial Performance Report for 2026/27. The council is projecting a £9.303m overspend at the end of June 2026, with management actions being taken to reduce this forecast. The decision noted the use of flexible use of capital receipts up to £3.903m to support budget proposals.
Full council record
Purpose
This finance monitoring report will set out 2026-27 financial position as at Quarter 1 and contains decisions relating to savings and management actions.
Related Meeting
Cabinet - Wednesday 23 September 2026 5.00 pm on September 23, 2026
Supporting Documents
Details
| Reference | Call-ins0 |
| Outcome | Recommendations Approved |
| Decision date | 23 Sep 2026 |
| Effective from | 8 Oct 2026 |
| Expected date | 23 Sep 2026 |
| Originally due | 23 Sep 2026 |
| Lead officer | Amaris Wong |
| Subject to call-in | Yes |