Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: September 16, 2025

Purpose: The purpose of the report is to provide an update on the revenue budget forecast outturn for the period to the end of June 2025 (Quarter 1). The report also provides an update on the Dedicated Schools Grant (DSG), Housing Revenue Account (HRA) and Capital Programme.

Content: The Cabinet has considered an update on the revenue budget forecast outturn for the period to the end of June 2025 (Quarter 1) which included an update on the Dedicated Schools Grant, Housing Revenue Account (HRA) and updates to the Capital Programme, and has:-   (1) Approved the virements to the Revenue Budget;   (2) Noted the Cash Limit and Non-Cash Limit forecast outturn positions for 2025/26 as at Quarter 1;   (3) Noted the DSG and HRA forecast outturn positions for 2025/26 as at Quarter 1;   (4) Noted the update on Reserves;   (5) Noted the forecast position for the 2025/26 Capital Programme;   (6) Noted the changes to the Capital Programme and re-phasing of schemes during Quarter 1; and   (7) Noted the 2025/26 Capital Programme Prudential Indicators.

Alternative options considered: None.