Decision Maker: Cabinet

Outcome: Recommendations Approved (subject to call-in)

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: December 3, 2025

Purpose: To provide an update on the Quarter 2 forecast for the 2025/26 County Council’s Revenue and Capital Budgets To report on the Council’s performance and risk during Quarter 2 of 2025/26

Content: Cllr Colin Hay provided an update on Quarter 2 end of year forecast for the 2025/26 County Council’s Revenue and Capital Budgets and reported on the Council’s performance and risk during Quarter 2 2025/26     Having considered all of the information, Cabinet noted the report and   RESOLVED to:     1.              Note the forecast revenue year end position, as at Quarter 2, for the 2025/26 financial year, is an underspend of £2.668 million. 2.              Approve the £63.019 million forecast use of reserves. This includes £45.017 million in respect of Dedicated Schools Grant, as well as a net £18.002 million in respect of Useable Revenue Reserves. 3.              Note the forecast delivery of £24.985 million savings against a 2025/26 target of £26.434 million, or 94.5% as detailed in section B. 4.              Approve the £32.263 million reprofiling of the capital budget and notes the Quarter 2 capital expenditure forecast outturn position of £144.659 million, against the reprofiled budget of £144.368 million, as illustrated in section C. 5.              Approve the £2.230 million funding changes, as detailed in paragraph 60. 6.              Note the Prudential Indicators as explained in section D. 7.              Note this report of the Council’s performance and risks. To do this, the following are provided:   ·                Council Strategy updates ·                Overview of Performance ·                Performance Scorecard ·                Risk Scorecard