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Cabinet received a report updating Members on
the projected General Fund (GF), Housing Revenue Account (HRA) and
Capital 2025/26 net expenditure and seeking approval to amend the
General Fund, HRA and Capital budgets as part of the quarterly
revenue monitoring review.
 
Members noted that there was a projected net
underspend of £548,850 in the General Fund, driven by
increased investment income, off-street parking revenue, and
transformation savings.  It was noted
that both the General Fund and HRA balances remained above minimum
thresholds, ensuring financial resilience. Members were pleased to
note that the Council was broadly on track to deliver its planned
savings
 
It was RESOLVED:
 
General Fund
 

1.   
That the 2025/26 first quarter projected net decrease in General
Fund expenditure of £548,850 be approved.

2.   
That the proposed movement on reserves as detailed in paragraph
4.2.1 be noted.
 
Housing Revenue
Account
 

3.   
That the 2025/26 first quarter net decrease in HRA expenditure of
£35,540 be approved.
 
Capital
Programme
 

4.   
That the General Fund capital budget re-phasing of £9 Million
from 2025/26 to future years be approved.

5.   
That the Housing Revenue Account capital budget re-phasing of
£9 Million from 2025/26 to future years be
approved.

That net changes to budgets fully
grant funded of (£5K) in paragraph 4.9.2 be noted.

That General Fund and HRA virements
in section 4.10 be approved.

That the proposed changes to the
funding of the General Fund and HRA capital budgets in section 4.11
be approved.