Purpose

 To receive the financial position as at the end of June 2026.

Decision

 RESOLVED –

1. That the Quarter 1 net expenditure on services to the end of June 2026 was £5,414,000, £102,000 less than budget be noted.
2. That that by year end the Council anticipates net expenditure of £18,032,000 on services, which is £525,000 over budget. The Council will need to carefully manage and control costs over the course of the year in order to return to a balanced budget position be noted.
3. That the balance of £2,001,000 in the Grant Volatility Reserve is transferred to the Capital and Revenue Initiatives Earmarked Reserve to finance the capital programme be approved

REASON FOR DECISION:. To show the actual expenditure on services compared to the revised budget for the period ending 30 June 2026, and the forecast outturn position, highlighting significant variances from the revised annual budget.