Content

9.1

The
Assistant Director of Accounting introduced the report which
summarised Sheffield City Council's 2025-26 revenue budget
position, noting key variances, risks, and opportunities as of Q2
2025-26. The report built on the structure and approach of the
2025-26 Q1 paper, with all references and data brought forward to
apply to the current financial period.

9.2

RESOLVED UNANIMOUSLY: That the Finance and
Performance Policy Committee:-
 
a)   
Notes 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)   
Notes the targeted actions and work underway to bring the in-year
forecast overspend down; and
c)   
Notes 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.