Purpose

The purpose of the report is to provide an
update on the revenue budget forecast outturn as at the end of
November 2025 (Quarter 2+). The report also provides an update on
the Dedicated Schools Grant (DSG), Housing Revenue Account (HRA),
Collection Fund, Reserves and Capital Programme as at Quarter
2+.

Content

The Cabinet has
considered the Quarter 2+ revenue forecast outturn including an
update on the Dedicated Schools Grant, Housing Revenue Account,
Collection Fund, Reserves updates to the Capital Programme, and has
agreed to:-
 
(1) Approve the
virements to the Revenue Budget.
 
(2) Note the Cash
Limit and Non-Cash Limit forecast outturn positions for 2025/26 as
at Quarter 2+.
 
(3) Note the DSG, HRA
and Collection Fund forecast outturn positions for 2025/26 as at
Quarter 2+.
 
(4) Note the update on
Reserves.
 
(5) Note the forecast
position for the 2025/26 Capital Programme.
 
(6) Note the changes
to the Capital Programme and re-phasing of schemes during Quarter
2+.
 
(7) Note the 2025/26
Capital Programme Prudential Indicators.

Alternative options considered

None.