Content

11.1

The Assistant Director of Finance and
Accounting was in attendance to present the 2025-26 Q2 Budget
Monitoring report. The report noted key variances, risks and
opportunities as of Q2 2025-26 and provided a mid-year assessment
of financial performance against the approved budget, offering
insight into progress made and emerging trends as the year
unfolds.

 

 

11.2

RESOLVED UNANIMOUSLY: That the Economic
Development, Skills and Culture Policy Committee:
 

a)   
Notes the updated information on the 2025-25 Revenue Budget Outturn
as described in this report including the detailed Committee budget
monitoring information and management actions provided

b)   
Notes the targeted actions and work underway to bring the in-year
forecast overspend down
 

 

 

11.3

Reasons for
Decision

 

 

11.3.1

To record formally changes to the Revenue
Budget

 

 

11.4

Alternatives
Considered and Rejected

 

 

11.4.1

The Council is required to both set a balanced
budget and to ensure that in-year income and expenditure are
balanced. No other alternatives were considered