Purpose

Quarterly Revenue Budget Monitoring report for
financial year 2025/26

Content

 
Resolved:
 

Cabinet approves:

 

a)   
A drawdown of £0.120m
from the Supporting Families Reserve, to
fund costs associated with the Wiltshire Community Foundation Youth
Partnership, and the Wiltshire Parent Carer Council website, as
planned.

 

b)   
The creation of a new Children’s
Social Care Prevention Grant reserve, and transfer of £0.360m
into the reserve, to cover costs of the Family First Partnership
that will fall into future financial years

 

c)   
Drawdown from reserves as follows to
support the Adult Care position:

 

£0.084m from the Latent Demand Reserve to
fund fixed term posts

 

£0.090m from the Streamlining Adult Social
Care Grant Reserve to support grant related activity in the current
year

 

£0.400m from the Public Health Grant
Reserve to support prevention activities in Adult Social Care which
contribute to delivering Public Health Outcomes.

 

Cabinet notes:

 

d)   
The current revenue budget is forecast
to overspend by £6.658m by the end of the financial
year.

 

e)   
A drawdown of £0.075m
from the Transformation Reserve, to fund
costs associated with the Football Foundation as approved by the
Transformation Board.

 

f)    
The current savings delivery
performance for the year.

 

g)   
The net operating deficit on the HRA
of £0.496m and the impact on the HRA reserve.

 

h)   
£0.119m transfer from the
Business Plan Priority Reserve to fund Council wide enforcement
activity to the end of quarter two.

 

i)     
£0.153m transfer from the Rural
Play Area Reserve to fund grants paid to quarter
two.

 

j)     
£0.060m transfer from the Covid
19 Grant Workstreams Reserve to fund in year activity in the
Economy & Regeneration service.

 

k)   
The overspend against Dedicated
Schools Grant (DSG) budgets of £12.892m, total deficit
forecast for the year of £49.404m and the impact on the
cumulative DSG deficit.

 
Reason for Decision:
 
To
inform effective decision making and ensure sound financial
management as part of the Council’s overall control
environment.
 
To
inform Cabinet on the forecast revenue financial position of the
Council for the financial year 2025/26 as at quarter two (30
September 2025), including delivery of approved savings for the
year