Purpose

To provide information on budget monitoring
for 2025/26

Content

RESOLVED
that Cabinet: -

(a)       
noted the budget monitoring position for quarter one
2025/26;

(b)      
agreed the capital budget virements set out in appendix
C1 paragraph 2, relating to schemes funded by the bus service
improvement grant and the local transport plan funding;
and 

(c)      
approved the implementation of a freeze on all
non-essential expenditure and a vacancy freeze from 1 October 2025
and until such time as the Corporate Management Board have provided
Cabinet Members with assurance the forecast outturn for 2025/26 is
within the parameters of the approved 2025/26 budget. Officers
should also consider the extent to which savings plans can be
brought forward from 2026/27.
Voting: Unanimous
Portfolio Holder:
Finance
Reason
To comply with
accounting codes of practice and best practice which requires
councils to regularly monitor the annual budget position and take
any action to support the sustainability of the council’s
financial position.
To comply with the
council’s financial regulation concerning approval for budget
virements.