Content

16.1

The
Assistant Director of Finance and Accounting 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 builds 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.

 

 

16.2

RESOLVED
UNANIMOUSLY: That Education, Children and Families 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.

 

 

16.3

Reasons for
Decision

 

 

16.3.1

To record formally changes to the Revenue
Budget

 

 

16.4

Alternatives
Considered and Rejected

 

 

16.4.1

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.