Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: February 25, 2026

Purpose:

Content: 10.1 The Director of Finance and Accounting introduced the report which showed a continued improvement in the Council’s in-year financial position, with the projected overspend reducing from £23.6m at Q2 to £18.9m at Q3.     10.2 RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-   a)    Note the updated information on the 2025-26 Revenue Budget Outturn as described in this report including the detailed committee budget monitoring information and management actions provided. b)    Note the targeted actions and work underway to bring the in-year forecast overspend down. c)    Note the final outturn information provided in the appendices to the paper for the Capital programme and treasury management for the Council.     10.3 Reasons for Decision     10.3.1 To record formally changes to the Revenue Budget.     10.4 Alternatives Considered and Rejected     10.4.1 The Council is required to both set a balance budget and to ensure that in year income and expenditure are balanced. No other alternatives were considered.