Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: December 3, 2025

Purpose:

Content: Having been duly proposed and seconded, the Executive Resolved to:- a)    Note the Council was forecasting a service overspend revenue position of £7.205m for 2025/26. b)    Note the Council was forecasting a total overspend revenue position of £0.727m for 2025/26. 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)    Note the in-year forecast overspend on the Dedicated Schools Grant of £44.513m, against the current budgeted funding of £164.326m (paragraph 22, 23 and 24). e)    Note the total forecast Dedicated Schools Grant year-end deficit of £106.505m as set out in Appendix C. f)      Approve an in-year adjustment to increase the Budget Alignment saving within Partnerships, Localities and Culture from £1.0m to £1.3m, to offset the undeliverable £0.3m rental income saving in Economic Development, Skills & Climate (paragraph 29). g)    Note the collection rates for Council Tax and Business Rates as set out in (paragraphs 36, 37 and 38). 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 K. j)      Note the level of General Reserves is £63.200m (risk-based assessment – minimum £31.104m, maximum £62.208m). k)    Note the Capital Programme forecast outturn for 2025/26 was £197.987m, against a budget of £212.507m (see Table 6). l)      Approve additions to the Capital budget of £0.955mm as detailed in Table 7. m)  Approve returns to the Capital budget of £1.051m as detailed in Table 7.