Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: July 17, 2025

Purpose: This report presents the 2025-26 in-year financial performance to Month 2 (May) for noting by Cabinet and seeks approval for any capital variations, reprofiling, exception measures or new reserves.

Content: 1)            Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £15.486m.   2)            Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £0.450m.   3)            Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £4.437m.   4)            Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £0.417m.   5)            Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 5.   6)            Cabinet approves the new capital schemes requested in Appendix 6.