Content

9.1

The Director of
Finance and Commercial Services introduced the report which
summarised Sheffield City Council's 2025-26 revenue budget
position, noting key variances, risks, and opportunities as of Q1
2025/26. The report built on the structure and approach of the
2024/25 Q4 paper, with all references and data brought forward to
apply to the current financial period. The Head of Accounting also
highlighted salient points from the report to the
cttee.

 

 

9.2

RESOLVED
UNANIMOUSLY: That Finance and Performance Policy Committee:-
 
a)   
Note the updated information on the 2025/26 Revenue Budget Outturn
as described in this report including the detailed committee budget
monitoring information and management actions
provided.
b)   
Note the targeted actions and work underway to bring the in-year
forecast overspend down.
c)   
Note the final outturn information provided in the appendices to
the paper for the Capital programme and treasury management for the
Council.

 

 

9.3

Reasons for
Decision

 

 

9.3.1

To record formally changes to the Revenue
Budget.

 

 

9.4

Alternatives
Considered and Rejected

 

 

9.4.1

The Council is required to both
set a balance budget and to ensure that in year income and
expenditure are balanced. No other alternatives were
considered.