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Finance and Budget Scrutiny Sub-Committee - Thursday 17 September 2026 7.00 pm
September 17, 2026 at 7:00 pm Finance and Budget Scrutiny Sub-Committee View on council websiteSummary
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The Finance and Budget Scrutiny Sub-Committee of Lambeth Council is scheduled to meet on Thursday 17 September 2026. The meeting's agenda includes a review of the council's financial performance for the first quarter of the year, an update on asset disposals, and the committee's work programme.
Quarter 1 Financial Performance and Forecasts
A significant portion of the meeting is expected to focus on the council's financial standing. This includes a review of the Quarter 1 results and a revised forecast for the current year. Discussions are scheduled to cover potential options for mitigating any projected overspends for both the General Fund and the Housing Revenue Account (HRA). The report pack indicates that the Housing Revenue Account discussion will also include an update on the impact of HfL1.
Progress on Asset Disposals
The committee is also scheduled to examine the progress made on asset disposals. This will cover both Housing Revenue Account (HRA) and General Fund assets, with the aim of assessing their contribution towards the planned repayment of Exceptional Financial Support2.
Work Programme
The committee will consider its draft work programme for the upcoming period. This involves reviewing and potentially amending the planned scrutiny activities, as well as monitoring any outstanding actions or recommendations from previous meetings. The work programme aims to ensure that the committee effectively scrutinises matters it deems to be priorities and that reports are commissioned and considered in a timely manner. The report pack highlights that the committee's terms of reference include reviewing draft budget proposals, savings and income generation plans, and medium-term financial plans. It also covers monitoring financial performance against set targets, reviewing the financial implications of new budget proposals, and gaining assurance on progress against Exceptional Financial Support conditions.
The meeting is scheduled to take place at Lambeth Town Hall, Brixton Hill, London SW2 1RW. Members of the public are invited to attend virtually or in person, with arrangements to be confirmed with Democratic Services.
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HfL is a term that may refer to a specific housing initiative or company relevant to Lambeth Council's Housing Revenue Account. Further details would typically be found in council reports. ↩
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Exceptional Financial Support (EFS) is a term used in local government finance, often referring to financial assistance provided by central government to local authorities facing significant financial challenges. Repayment of such support may be linked to specific conditions, such as asset disposals. ↩
Attendees
No attendees have been recorded for this meeting.
Topics
Meeting Documents
Reports Pack