Purpose

To
receive the financial position as at the end of September
2025.

Decision

RESOLVED – 
 

That the Quarter 2 net expenditure on
services to the end of September 2025 was £8,527,000,
£241,000 less than budget be noted.

That that by year end the Council
anticipates net expenditure of £16,626,000 on services. This
forecast is £607,000 under budget, an improvement of
£229,000 compared to Quarter 1. However, £353,000 of
this is Public Realm 2 net income, which must be transferred back
to the On Street Parking Reserve, and £219,000 is to be
transferred to the Revenue and Capital Initiatives reserve to fund
the Torrington lifts refurbishment. The remaining £35,000 is
the forecast underspend for the year be noted. 

 
REASON FOR
DECISION:  To show
the actual expenditure on services compared to the revised budget
for the period ending 30 September 2025, and the forecast outturn
position, highlighting significant variances from the revised
annual budget.