Purpose

This report presents the 2025-26 in-year
financial performance to Month 9 (December) 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
£4.861m.

2)            
Cabinet notes the forecast overspend risk for the separate Housing
Revenue Account (HRA), which is an overspend of £0.846m.

3)            
Cabinet notes the forecast overspend risk for the ring-fenced
Dedicated Schools Grant, which is an overspend of
£2.388m.

4)            
Cabinet approves deferring the planned reserve repayment of
£1.125m in 2025/26 (paragraphs 4.10 and 7.8)

5)            
Cabinet approves the release of unrequired Reserves and Provisions
of £1.109m (paragraphs 4.10 and 7.9)

6)            
Cabinet notes the forecast position on the Capital Programme which
is an underspend variance of £7.714m.

7)            
Cabinet approves the capital budget variations and re-profiling
requests set out in Appendix 6.

8)            
Cabinet approves the new capital schemes requested in Appendix
7.

9)            
Cabinet notes the Treasury Management update as set out in Appendix
8 and summarised in paragraph 8.