Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: December 11, 2025

Purpose:

Content: 11.1 The Assistant Director of Finance and Accounting was in attendance to present the 2025-26 Q2 Budget Monitoring report. The report noted key variances, risks and opportunities as of Q2 2025-26 and provided a mid-year assessment of financial performance against the approved budget, offering insight into progress made and emerging trends as the year unfolds.     11.2 RESOLVED UNANIMOUSLY: That the Economic Development, Skills and Culture Policy Committee:   a)    Notes the updated information on the 2025-25 Revenue Budget Outturn as described in this report including the detailed Committee budget monitoring information and management actions provided b)    Notes the targeted actions and work underway to bring the in-year forecast overspend down       11.3 Reasons for Decision     11.3.1 To record formally changes to the Revenue Budget     11.4 Alternatives Considered and Rejected     11.4.1 The Council is required to both set a balanced budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered