Content

RESOLVED
 
KEY DECISION
 
That the Executive:
 

a)       
Noted the Council’s forecast outturn position for
2025/26 for the following revenue funds as set out in Appendix A of
the report:

i)         
General Fund – overspend of £9.421m

ii)        
Housing Revenue Account (HRA) – underspend of
£978k

iii)       
Dedicated Schools Grant (DSG) – deficit position of
£18.668m
 

b)       
Noted the provisional capital outturn position and indicative
funding for the General Fund (GF) Capital Programme and Housing
Revenue Account (HRA) Capital Programme for 2025/26 as forecast at
Quarter 1, as included in the Appendix A and B of the
report.

c)        
Approved the budget re-profiling across the MTFP Capital
Programme as set out in Appendix C of the report.
 

d)       
Approved the 2025/26 budget consolidations as set out in
Appendix D of the report.
 

e)       
Noted the Capital Prudential Indicators for Quarter 1 as set
out in Appendix E of the report.
 

f)         
Noted the Council’s treasury management activities and
performance for the quarter ended 30th June 2025 for the
financial year ending 31st March 2026 and the
performance achieved as set out in Appendix F of the
report.
 

g)       
Noted the assessment of the current deliverability of the
2025/26 General Fund savings proposals as set out in Appendix A of
the report.
 
Reasons for
Recommendations:
 

i)         
To note the forecast financial position for 2025/26 as at
Period 3 and consider the impact on this year and future years
budgets.

ii)        
The Council’s Treasury Management Strategy Statement
(TMSS) is underpinned by the CIPFA Code of Practice on Treasury
Management (“the Code”) which requires that members are
informed of treasury management activities on a quarterly basis
each financial year. Full Council has delegated the formulation and
monitoring of the Council’s treasury management strategy,
policy, and activity to the Executive Committee. 
 
Alternative Options Considered
- The report focuses on the forecast revenue outturn against budget
for 2025/26 and makes recommendations for the Executive to note the
current budgetary position as such there are no specific choices
within the report.