Decision

Resolved that: Executive note

·       The forecast Q2 revenue outturn is £6.8m/ 3.7% adverse (Q2 vs Budget). Total net revenue is forecast at £190.2m in the Q2 outturn, vs £183.4m in the Budget.

·       The Q2 reprofiling of £22.5m of capital budget, approved by the S151 officer in consultation with the portfolio holder for Finance.

·       The revised position at Q2 for expected capital expenditure in 2025/26 is £58.3m against an updated budget of £81.7m.  £22.5m has been approved to slip to 2026/27 leaving a variance of £0.9m potentially unspent.

This decision is not subject to call in as:

·     Report is to note only

therefore it will be implemented immediately.