Purpose

2025-26 Financial monitoring - Forecast
position at Quarter 3

Decision

Resolved
 
That Cabinet
 
1)   
notes the forecast net service overspend of £0.077m (+0.02%
of approved budget) that would need to be funded from reserves at
the end of 2025- 26; However, within this figure, to also note the
significant underlying service overspend of £16.126m being
covered by savings generated through spending controls and Treasury
Management returns;
 
2)   
notes the forecast delivery of savings for 2025-26 of
£15.409m (70.53%) and the consequent shortfall against the
target;
 
3)   
notes the forecast controllable capital spend in 2025-26 is
£217.507m; and
 
4)   
notes and approves the total movement in the forecast spend on the
capital programme of £16.748m from 2025-26 into future
years.