Purpose

The purpose of the report is to provide an
update on the revenue budget forecast outturn for the period to the
end of June 2025 (Quarter 1). The report also provides an update on
the Dedicated Schools Grant (DSG), Housing Revenue Account (HRA)
and Capital Programme.

Content

The Cabinet has
considered an update on the revenue budget forecast outturn for the
period to the end of June 2025 (Quarter 1) which included an update
on the Dedicated Schools Grant, Housing Revenue Account (HRA) and
updates to the Capital Programme, and has:-
 
(1) Approved the
virements to the Revenue Budget;
 
(2) Noted the Cash
Limit and Non-Cash Limit forecast outturn positions for 2025/26 as
at Quarter 1;
 
(3) Noted the DSG and
HRA forecast outturn positions for 2025/26 as at Quarter
1;
 
(4) Noted the update
on Reserves;
 
(5) Noted the forecast
position for the 2025/26 Capital Programme;
 
(6) Noted the changes
to the Capital Programme and re-phasing of schemes during Quarter
1; and
 
(7) Noted the 2025/26
Capital Programme Prudential Indicators.

Alternative options considered

None.