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

a)   
Note the Council was forecasting a service overspend revenue
position of £6.367m, and total underspend of £0.099m
for 2025/26.

b)   
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.

c)   
Note the in-year forecast overspend on the Dedicated Schools Grant
of £45.783m, against the current budgeted funding of
£163.964m (paragraph 23, 24 and 25), and total forecast
year-end deficit of £107.775m as set out in Appendix C.

d)   
Agree a transfer to Dedicated Schools Grant Deficit Reserve of
£8.000m from the non-service underspend for 2025/26.

e)   
Note the collection rates for Council Tax and Business Rates as set
out in (paragraphs 36, and 37).

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

g)   
Note the outstanding debt position as detailed in Chart 2 within
Appendix K.

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

i)     
Note the Capital Programme forecast outturn for 2025/26 was
£170.556m, against a budget of £216.551m (see Table
6).

j)     
Approve additions to the Capital budget of £13.690m as
detailed in Table 7.