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(a)      note the cash position
that has been achieved for the General Fund and HRA to the end of
Quarter 1 as detailed in Appendix 1;
(b)      note the Common Good
financial performance to the end of Quarter 1 as detailed in
Appendix 3;
(c)      note that the General Fund
full year forecast position remains on track to achieve a full year
outturn of ‘on budget’ although there are a range of
financial risks that exist for the financial year. Continuing
action and controls, as outlined in Appendix 2 will remain in place
for the remainder of the financial year;
(d)      note that the Council
maintains financial resilience with the resources available on the
Council Balance Sheet, the General Fund Reserves in particular. As
at 31 March 2025 the uncommitted value of those reserves was
£12m, the minimum that the Council Reserves Statement
recommends and as approved by the Council;
(e)      approve inclusion of the
Den Burn Restoration project in the General Fund Capital Programme
as detailed in Appendix 5, with funding being provided from SEPA,
additional Scottish Government Capital Grant (Climate Emergency)
and Bus Lane Enforcement money received, and instructs the Chief
Officer – Capital to ensure the project is delivered;
(f)       note that the HRA
full year forecast position, as detailed in Appendix 2, is
‘on budget’, but continues to face challenging cost
pressures as outlined in Appendix 2 and the HRA Budget Report
2025/26;
(g)      note that the forecast for
General Fund Capital budget has been updated to include approved
in-year virements, carry forward commitments and a reprofiling
exercise. General Fund and Housing Capital expenditure is currently
forecast to be as per the revised profiles for 2025/26; and
(i)       that in relation to
the Housing Revenue Account, the Chief Officer – Finance
would circulate details relating to the lost income from voids in
Quarter 1.