Decision Maker: Executive Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: August 27, 2025

Purpose: Provide Budget update on Month 3 monitoring

Content: RESOLVED That Executive Cabinet approve: (i)               An increase to the Council’s 2025/26 net expenditure budget from £294.779m to £295.988m following a £1.209m increase to the 2025/26 Public Health Grant announced after the budget was approved in March 2025, which the Council will receive as additional Business Rates Top-Up Grant. £0.504m of this has been transferred to Public Health at Period 3 to fund inflation and investment, with the remaining amount transferred to Contingency to be drawn upon when required; (ii)             Transfers from Contingency to service budgets totalling £19.762m, as summarised at paragraphs 1.5 to 1.6 and Appendix 1; (iii)           Transfers to/from earmarked reserves totalling £2.073m, as summarised in Appendix 2; (iv)           Removal of two savings targets following implementation of the Parking Review 2025 approved by Executive Cabinet on 23 April 2025, with permanent funding released from Contingency to cover: ·        2425_PL5 Parking Strategy implementation £0.268m ·        2425_PL6 – Parking infrastructure improvements £0.115m; (v)             Acceptance of grant funding detailed in Appendix 7.