Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: August 19, 2025

Purpose: The Cabinet will be asked to consider the projected position of the Council’s revenue and capital budgets for 2025/26 as at the end of June 2025 and, if necessary, consider proposals for in-year adjustments aimed at achieving an accurate and balanced budget position at the year end.

Content: Cabinet resolved to:   (i)  Note the projected £0.2m General Fund revenue overspend forecast at period 3 of the 2025/26 financial year, as set out in sections 2 and 3 of the report;   (ii)  Approve the movement in reserves totalling £6.69m, as set out in section 5 of the report;   (iii)  Note the progress on delivery of savings, as set out in section 3 of the report;   (iv)  Note the projected £4.3m revenue underspend for the Housing Revenue Account at period 3, as set out in section 6 of the report;   (v)  Note the projected £6.6m overspend within the Dedicated Schools Grant at period 3, as set out in section 7 of the report; and   (vi)  Note the Capital Programme expenditure forecast of £239.6m at period 3 against the reprofiled budget of £233.6m, as set out in section 8 of the report.