Purpose

To provide an update on the Council’s financial performance, revenue budgets and capital programme to the end of quarter 2 2025/2026 and explain the impact on the current financial position.

Decision

(Non-key decision):

1)    To note the forecast outturn position for 2025/26 and associated risks.

2)    To delegate authority to the Director of Finance and Performance and the Cabinet Member for Finance, Assets and Community Wealth Building to apply the required budget virements to support effective management of the overall budget.

3)    To note Report Appendix 1 and 2.