Decision Maker:

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 8, 2025

Purpose:

Content: Having been duly proposed and seconded, the Executive Resolved to:- a)    Note the Council is forecasting an overspend revenue position of £5.409m for 2025/26. b)    Note that the £12.000m Corporate Contingency budget and £3.000m Corporate Risk budget was currently uncommitted however draws had been approved following the end of June (see paragraph 4). c)    Agree that mitigating actions were 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. d)    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. e)    Note the in-year forecast overspend on the Dedicated Schools Grant of £38.087m, against the current budgeted funding of £163.992 (paragraph 11,12 and 13). f)      Note the total forecast Dedicated Schools Grant year-end deficit of £100.079m as set out in Appendix C. g)    Note the collection rates for Council Tax and Business Rates as set out in paragraphs 21 and 22. h)    Note the quarterly update on the prudential indicators detailed in Appendix L. i)      Note the outstanding debt position as detailed in Chart 2 within Appendix J. j)      Note the level of General Reserves is £63.200m (risk-based assessment – minimum £31.104m, maximum £62.208m). k)    Note the Capital Programme expenditure for 2025/26 is £281.457m, against a budget of £283.457m (see Table 6). l)      Approve additions to the Capital budget of £72.810m as detailed in paragraph 34. m)  Approve returns to the Capital budget of £53.272m as detailed in paragraph 35.