Purpose

The report will provide a summary of the projected outturn position by directorate as at the end of quarter 1 of the 2026/27 financial year.

Decision

Summary

Consideration was given to a report which set out the outturn position for Quarter One, for all council services and how it compared to the budget agreed by City Council in March 2026.

Decision

That Cabinet agreed to:

-  Note the General Fund revenue and capital outturn position set out in paragraphs 3.6 to 3.26 of the report;

-  Note the amendments to the General Fund revenue budget set out in paragraph 3.27 of the report;

-  Note the Collection Fund outturn position set out in paragraph 3.28 of the report;

-  Note the Housing Revenue Account revenue and capital outturn position set out in paragraphs 3.29 to 3.31 of the report;

-  Approve the proposed write-offs set out in paragraph 3.32 of the report;

-  Note the revenue outturn information by service set out in appendix one of the report.

-  Note the capital programme information set out in appendix two of the report; and

-  Note the performance indicators set out in section four and appendix three of the report.

Reasons for the Decision

To fully meet the requirements of the Local Government Act 2003, which requires local authorities to monitor income and expenditure against their budget and be ready to take action if overspends occur.

Alternative Options Considered and Rejected

None.

Declared (Cabinet Member) Conflicts of Interest

None.

Details of any Dispensations

None.