Purpose

To update Cabinet with the financial position
for 2025/26 and agree budget virements as necessary.

Content

RESOLVED that Cabinet:
-

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

(b)          
requested a detailed report to
December Cabinet from the Corporate Director for Children’s
Services on the High Needs Dedicated Schools Grant expenditure
forecast and available mitigation measures in 2025/26. This report
will need to seek Council approval for any additional resources
over the approved 2025/26 budget; and

(c)          
requested the council’s senior leadership team
and portfolio holders consider what further action can now be taken
to ensure the actual financial outturn is within the Council
approved budget for 2025/26, including bringing forward any planned
savings already approved by Council for 2026/27 that can be
delivered early.
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.