Content

Recommendations

1.1. Note the General Fund (GF)
forecast underspend of -£0.496m as at Q2, shown in Table 1
(paragraph 3.2) and detailed at Appendix 1.

1.2. Note progress on delivering
the 2025/26 agreed budget savings in Table 2 (paragraph 3.10) and
Appendix 1C.

1.3. Approve the revenue budget
virements and other budget adjustments as outlined in paragraph 3.9
of Appendix 1 and detailed in Appendix 1C.

1.4. Note, and where necessary,
agree to debt write-offs outlined in paragraph 3.10 of Appendix
1.

1.5. Note the Housing Revenue
Account (HRA) forecast overspend of +£2.477m as at Q2, shown
in Appendix 2A and 2B.

1.6. Approve the receipt of Flood
Ready London funding to enable Islington to formally undertake the
role of interim administrator as set out in paragraph 3.24 of this
report.

1.7. Delegate to the Section 151
Officer the responsibility to approve the necessary transactions
and arrangements to receive and then subsequently distribute
funding required as part of the partnerships for Flood Ready
London.

Decisions:
AGREED
recommendations.
 
Reasons for the
decision – as
detailed in the report
Other options
considered – as
detailed in the report

Conflicts of
interest / dispensations granted – none