Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 23, 2025

Purpose: To provide the Cabinet with an update on the current year’s predicted spending against budget and an outline of future financial prospects.

Content: RESOLVED that   i.       the Council’s predicted current year financial position summarised in Table 1 is noted.   ii.     the predicted impact of the proposed Fair Funding 2.0 reforms and the responses submitted to the Government’s consultation on the reforms by officers and Councillors representing all Political groups is noted.   iii.    the Council’s predicted medium-term financial prospects based on the assumptions detailed in the report and summarised in Table 2 is noted.   iv.    the proposed strategic response set out in paragraphs 6.30 to 6.33 to address the projected budget gap of £18.75m over the three years to 2028/29 is endorsed.

Reasons for the decision: The recommendations are intended to ensure that the Cabinet is aware of the Council’s current and predicted future financial position.

Alternative options considered: None – the Council needs to plan to set a balanced budget within the level of resources available each year.