Purpose

This report presents the 2025-26 in-year
financial performance to Month 7 (October) for noting by Cabinet
and seeks approval for any capital variations, reprofiling,
exception measures or new reserves.

Content

1)            
Cabinet notes the forecast risk position for the
General Fund, which indicates a potential forecast overspend risk
of £7.776m.

 
2)            
Cabinet notes the forecast overspend risk for the
separate Housing Revenue Account (HRA), which is an overspend of
£1.216m.

 
3)            
Cabinet notes the forecast overspend risk for the
ring-fenced Dedicated Schools Grant, which is an overspend of
£2.463m.

 
4)            
Cabinet notes the forecast position on the Capital
Programme which is an underspend variance of
£10.963m.

 
5)            
Cabinet approves the capital budget variations and
re-profiling requests set out in Appendix 6.

 
6)            
Cabinet approves the new capital schemes requested
in Appendix 7.

 
7)            
Cabinet notes the Treasury Management mid-year
review as set out in Appendix 8 and summarised in paragraph
9.