Purpose

To provide Cabinet with a quarterly update on the financial performance of the Councils revenue budget, capital programme, savings programme and reserves.

Decision

Cabinet RESOLVED to:

1. Consider the financial forecast for 2026/27, as at Quarter 1.
2. Recommend to full Council to approve the addition of £3.189m in respect of the Stanground Bypass Adoption Improvements Scheme into the 2026/27 Capital Programme, to be financed through prudential borrowing (see section 3.6).
3. Recommend to approve the transfer of £3.189m currently held within earmarked reserves to the General Fund.
4. Recommend to Council for approval the financial recommendations associated with additional Social Workers in Childrens Services, as set out in Appendix C.

Reasons for the decision

To provide an update on the council’s financial position in the current year following review and consideration by the Corporate Leadership Team.