Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: August 6, 2025

Purpose:

Content: Following consideration of the officer report, appendices, and discussion, the Executive resolved to:   a)    Note the Council is forecasting an overspend revenue position of £5.456m for 2025/26. b)    Note that the £12.000m Corporate Contingency budget and £3.000m Corporate Risk budget is currently uncommitted. c)    Approve the £12.000m Corporate Contingency budget and £3.000m Corporate Risk budget are transferred into earmarked reserves to be drawn as required throughout the year. d)    Agree that mitigating actions are to be identified and implemented by the relevant Executive and Service Director in order to reduce any overspends, to take action and to contribute to the long-term financial sustainability of the authority. e)    Agree that the Council reaffirms its commitment to avoiding a Section 114 notice in 2025/26 by continuing and strengthening its financial management actions, with regular monitoring and reporting to ensure accountability. f)      Note the in-year forecast overspend on the Dedicated Schools Grant of £34.804m, against the current budgeted funding of £163.991 (paragraph 12). g)    Note the total forecast Dedicated Schools Grant year-end deficit of £96.796m as set out in Appendix C. h)    Note the collection rates for Council Tax and Business Rates as set out in paragraphs 17 and 18.