Purpose

To set out the current financial position for the Council at the end of the third quarter of 2025/26.

Decision

That Cabinet notes:

1) The forecast revenue position of a projected £187,000 underspend for 2025/26 as detailed in Table 1 and the need for continued focus on the savings and efficiency programme.

2) The forecast revenue position of the HRA for 2025/26 (projected surplus of £890,000) as detailed in Table 3.

3) The HRA Capital Programme position as detailed in Table 4 of Appendix A and the changes set out in this report.

4) Note that the Council carried out debt restructuring on the HRA borrowing in March 2026 as outlined in Appendix A, Section 2.6

5) The amendments to the Capital Programme at Appendix B – Table 1c.

Reasons for the decision

To ensure the Council’s forecast financial position for 2025/26 is considered and related decisions approved. It is important that the Cabinet are aware of the financial position of the General Fund and Housing Revenue Account to ensure that they can make informed decisions that are affordable and financially sustainable for the Council.

Alternative options considered

To not approve the financial movements outlined.