Decision Maker: Overview and Scrutiny Board, Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: October 1, 2025

Purpose: To provide information on budget monitoring for 2025/26

Content: RESOLVED that Cabinet: - (a)        noted the budget monitoring position for quarter one 2025/26; (b)       agreed the capital budget virements set out in appendix C1 paragraph 2, relating to schemes funded by the bus service improvement grant and the local transport plan funding; and  (c)       approved the implementation of a freeze on all non-essential expenditure and a vacancy freeze from 1 October 2025 and until such time as the Corporate Management Board have provided Cabinet Members with assurance the forecast outturn for 2025/26 is within the parameters of the approved 2025/26 budget. Officers should also consider the extent to which savings plans can be brought forward from 2026/27. Voting: Unanimous Portfolio Holder: Finance Reason To comply with accounting codes of practice and best practice which requires councils to regularly monitor the annual budget position and take any action to support the sustainability of the council’s financial position. To comply with the council’s financial regulation concerning approval for budget virements.