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Having been duly proposed and seconded, the
Executive Resolved to:-

a)   
Note the Council is forecasting an overspend revenue position of
£5.409m for 2025/26.

b)   
Note that the £12.000m Corporate Contingency budget and
£3.000m Corporate Risk budget was currently uncommitted
however draws had been approved following the end of June (see
paragraph 4).

c)   
Agree that mitigating actions were 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.

d)   
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.

e)   
Note the in-year forecast overspend on the Dedicated Schools Grant
of £38.087m, against the current budgeted funding of
£163.992 (paragraph 11,12 and 13).

f)     
Note the total forecast Dedicated Schools Grant year-end deficit of
£100.079m as set out in Appendix C.

g)   
Note the collection rates for Council Tax and Business Rates as set
out in paragraphs 21 and 22.

h)   
Note the quarterly update on the prudential indicators detailed in
Appendix L.

i)     
Note the outstanding debt position as detailed in Chart 2 within
Appendix J.

j)     
Note the level of General Reserves is £63.200m (risk-based
assessment – minimum £31.104m, maximum
£62.208m).

k)   
Note the Capital Programme expenditure for 2025/26 is
£281.457m, against a budget of £283.457m (see Table
6).

l)     
Approve additions to the Capital budget of £72.810m as
detailed in paragraph 34.

m) 
Approve returns to the Capital budget of £53.272m as detailed
in paragraph 35.