Content

Following consideration of the officer report,
appendices, and discussion, the Executive resolved to:
 
a)   
Note the Council is forecasting an overspend revenue
position of £5.456m for 2025/26.
b)   
Note that the £12.000m Corporate Contingency
budget and £3.000m Corporate Risk budget is currently
uncommitted.
c)   
Approve the £12.000m Corporate Contingency
budget and £3.000m Corporate Risk budget are transferred into
earmarked reserves to be drawn as required throughout the
year.
d)   
Agree that mitigating actions are to be identified
and implemented by the relevant Executive and Service Director in
order to reduce any overspends, to take action and to contribute to
the long-term financial sustainability of the authority.
e)   
Agree that the Council reaffirms its commitment to
avoiding a Section 114 notice in 2025/26 by continuing and
strengthening its financial management actions, with regular
monitoring and reporting to ensure accountability.
f)     
Note the in-year forecast overspend on the Dedicated
Schools Grant of £34.804m, against the current budgeted
funding of £163.991 (paragraph 12).
g)   
Note the total forecast Dedicated Schools Grant
year-end deficit of £96.796m as set out in Appendix
C.
h)   
Note the collection rates for Council Tax and Business Rates as set
out in paragraphs 17 and 18.