The Finance Committee's meeting on Wednesday 15 July 2026 was scheduled to cover a range of financial matters, including the revenue outturn for operational services and the City Fund and City's Estate for the 2025/26 financial year. The committee was also set to review risk management updates and consider central contingencies for the upcoming financial year.

Revenue Outturn 2025/26 - Finance Committee Operational Services

The committee was scheduled to receive a report detailing the revenue outturn for operational services managed by the Finance Committee for the 2025/26 financial year. This report was to present a comparison between the budgeted figures and the actual expenditure, highlighting any variances. The report indicated a net overspend of £771,000 compared to the budget of £70.019m. It also detailed proposed local risk budget carry-forwards totalling £438,000 to the 2026/27 financial year.

2025/26 Outturn Report for City Fund and City's Estate

A report was scheduled to provide a summary of the draft outturn position for both the City Fund and the City's Estate for the 2025/26 financial year. For revenue budgets, the City Fund was reported to be underspent by £39.6m, and the City's Estate by £12.5m. The report also detailed capital expenditure for both funds, noting underspends against the approved budgets due to slippage and reprofiling of capital programmes. Members were asked to note these provisional outturns and the carry-forward requests that would be reviewed by the Chamberlain and the Chair and Deputy Chair of the Resource Allocation Sub-Committee.

Risk Management Update Report

The committee was scheduled to receive an update on risk management from the Chamberlain's department. This report was to detail the corporate and departmental risks documented by the department, with a particular focus on two RED-rated financial risks on the Corporate Risk Register: Unsustainable Medium-Term Finances – City Fund and Housing Revenue Account (HRA) Finances . Mitigation efforts for these risks were ongoing.

Central Contingencies (Quarterly Report)

A report was scheduled to provide Members with the year-end position for 2025/26 contingencies and an update on uncommitted balances for 2026/27. It was proposed that a sum of £1,269,000 for existing allocations and £496,000 in uncommitted balances for Project Reserve Contingencies be carried forward from 2025/26 to 2026/27. This would ensure sufficient contingency provision for the upcoming financial year.

Finance Committee's Forward Plan

The committee was scheduled to receive the Chamberlain's report on the Finance Committee's Forward Plan. This report outlines the planned work programme for the committee, detailing the topics and reports expected to be considered in future meetings.

Public Update of the Projects and Procurement Sub-Committee Meeting of 1 July

The committee was scheduled to receive public updates from the Projects and Procurement Sub-Committee meeting held on 1 July. These updates would provide information on key public items discussed by that sub-committee.

Minutes of the Previous Meeting

The committee was scheduled to consider the public minutes and non-public summary of the previous Finance Committee meeting held on 2 June 2026.

Other Scheduled Items

The agenda also included items for Questions on Matters Relating to the Work of the Committee and Any Other Business That the Chairman Considers Urgent . A motion was scheduled to be considered for the Exclusion of the Public for subsequent non-public agenda items.