Decision

RESOLVED
 
 
A. To ensure actions taken by officers under
the declared Financial Emergency are focussed to ensure all
spending and income generation over the remainder of the financial
year is scrutinised to actively improve the Council’s
projected year end position. Action must predominantly focus on
reducing spend, increasing income, delivering remaining savings and
mitigating in-year spending pressures.  
 
B. To support the continued use of Operations
Boards, which have been in place from August 2025, to challenge all
in-year spending, and more recently have been further enhanced to
bring greater Service Director scrutiny. The impact of these boards
will continue to inform future Finance Monitoring
reports.  
 
C. To consider the projected spend over budget
at Period 7 of £50.746m.  
 
D. To consider the indicative level of savings
delivery at Period 7 of £20.917m (34.94%).  
 
E. To support the proposal for a minimum value
of £5m for the General Fund Balance and the ringfencing of a
Contingency Fund of £5.478m.  
 
F. To support the proposed application for
Exceptional Financial Support of £71.361m made up of
£21.466m for revenue monitoring pressures, up to £10m
for transformation activity and up to £38.895m for NWRR write
off costs (should this be necessary). The decision on the final
application will be made by the s151 Officer in consultation with
the Portfolio Holder for Finance.