Decision

1. 1

The Committee considered a report which set out Sheffield City Council’s Quarter 1 budget monitoring position for 2026/27. The report provides an assessment of the current financial position, the main areas of pressure, the mitigations currently as

1. 2

RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-

a)    Note the Quarter 1 2026/27 forecast General Fund overspend of £8.35m and the key drivers set out in this report.

b)    Note the recovery actions underway, the continued importance of Future Sheffield delivery, and the supporting information provided in the appendices for capital, HRA & DSG 3.

c)    Approve a permanent budget virement of £845k from the unallocated 2026/27 home to-school transport pressures budget to the SEND Assessment and Review Service, to fund additional permanent staffing capacity and support delivery of the Council’s statutory SEND duties as detailed in section 2.10.

1. 3

Reasons for Decision

1. 3.1

To record formally changes to the Revenue Budget.

1. 4

Alternatives Considered and Rejected

1. 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.