Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: July 10, 2025

Purpose: The report provides the first financial monitoring update for financial year 2025/26

Content: (1)  To note the 2025/26 revenue budget risk analysis detailed within paragraphs 3.2 to 3.10 of the report (as at the end of June 2025).   (2)  To note and approve where required the revenue virements listed in Appendix 3(i) of the report.   (3)  To note the capital year-end forecast detailed in paragraph 3.23 of the report.   (4)  To the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 2(i) of the report.

Reasons for the decision: The report presented an overview of services across the Authority with the highest risk of financial pressure or upside for the 2025/26 financial year, using information available up to the end of June 2025.   The Budget Management Scheme requires that the Cabinet considers the revenue and capital monitoring position four times per year.

Alternative options considered: None.