Decision Maker: Executive Board

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: August 14, 2025

Purpose: Corporate Revenue Budget Monitoring 2025/26 Quarter 1

Content: RESOLVED   (1)  That the Portfolio Cash Limit Adjustments as outlined in Appendix 1 attached to the report be approved.   (2)  That the General Fund Forecast Outturn overspend of £7.783m as at 30th June 2025 be noted and, subject to mitigation measures arising from (3) below, the potential impact on the Council’s Medium Term Financial Plan also be noted.   (3)  In view of the forecast outturn position for 2025/26, the Executive Board instructed the Corporate Leadership Team to develop proposals to bring the budget back into balance by the year end and for those proposals to be considered by the Executive Board at its meeting in October 2025.   (4)  That the Earmarked Reserves and General Fund Balance position as at 30th June 2025 be noted.