Purpose

The report provided details of the 2025/26 revenue budget outturn position.  The report also reviewed the financial position for the General Fund revenue budget, General Fund and Earmarked Reserves, and the Dedicated Schools Grant (DSG) at 31 March 2026. 

Decision

RESOLVED

(i)                  That the General Fund revenue budget overspend of £7.901min 2025/26, as detailed in section 1 and Appendix 3 be Noted.

(ii)               That the delivery of savings in 2025/26 as set out in section 5 and Appendix 2 be Noted.

(iii)             That the Treasury Management activity for 2025/26 as set out in section 7 and Appendix 4 be Noted.

(iv)             That the in-year deficit on the DSG of £21.783m in 2025/26 and the cumulative DSG deficit of £43.873m at 31 March 2026,as set out in Appendix 5 be Noted.

(v)               That the acceptance of Grant funding as set out in Appendix 6 be Approved.

(vi)             The utilisation of the General Fund reserve to fund the overspend of £7.901m, noting that after funding the overspend, the balance on the General Fund remains in excess of the minimum balance approved by Full Council in March 2026 be Approved.

(vii)           Transfers to/from earmarked reserves totalling £5.167m, as summarised in Appendix 1 be Approved.