Purpose

To update Cabinet on the financial position of
the council.

Content

RESOLVED that
Cabinet:-

(a)      
Noted the budget monitoring position for quarter three
2025/26;

(b)      
Encourage Senior Officers, budget holders, and Portfolio Holders
to take all reasonable steps to reduce the forecast overspend in
the final quarter of the financial year; and

(c)      
Approve the capital virement as set out in Appendix C1 at
paragraph 2.
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.