Purpose

To receive a Q1 Revenue Budget update

Decision

Resolved:

Cabinet is asked to approve:

a)    A virement of £4.027m from Finance, Revenues and Benefits into Leisure Culture and Communities for the delivery of the Crisis Resilience Fund (CRF) which will now be managed through this Directorate.

b)    A drawdown of £2.129m from Transformation Reserve as planned, to fund in year activity:

• £0.487m to fund the Transformation service team.

• £0.270m to fund Net to Gross Remediation

• £0.235m to fund Business Insight Team.

• £0.230m to fund the Finance Improvement Programme.

• £0.172m to fund the Quadrant work.

• £0.170m to fund the Mockingbird programme within Families & Children.

• £0.165m to fund the One Wiltshire Experience.

• £0.160m to fund the High Needs Block project.

• £0.117m to fund the Community Conversations Team.

• £0.008m to fund the Customer Experience - Digital Web Governance Tool

• £0.006m to fund Hypertension in deprived community area

c)    A drawdown of £0.097m from the School Improvement Reserve as planned, to help manage the redundancies/staffing changes as the number of maintained schools and their associated income stream decreases.

d)     A drawdown of £0.048m from the Early Help Schools and Families Reserve as planned, to support in year activity.

e)    A drawdown of £0.065m from the Get Britain Working Reserve as planned, to fund in year activity.

f)     A drawdown of £0.013m from the Boosting Skills Pathway Reserve as planned, to fund in-year project costs

g)    A drawdown of £0.062m from the Families and Community Learning Reserve as planned, to fund in-year activity

h)    A drawdown of £0.415m from the Fostering Hub, as planned, to fund in year activity.

i)      A drawdown of £0.071m from the Staying Close Reserve as planned, to support in year activity.

j)      A drawdown of £0.011m from the Kinship Allowance Pilot Reserve as planned, to support in year communications activity

k)    A drawdown of £0.025m from the Evidence into Practice Reserve as planned, to support in year activity

l)      A drawdown of £0.093m from the Regional Improvement & Innovation Alliance Reserve as planned, to support in year activity

m)  A drawdown of £0.020m from the Improvement & Development Agency (IDeA) Reserve as planned, to support in year activity.

n)    A drawdown of £1.000m from the Treasury Management Volatility Reserve, to support pressures arising with interest receivable/ payable for Council finance and investment activity.

Cabinet is asked to note:

o)    The current revenue budget is forecast to overspend by £6.748m by the end of the financial year.

p)    The current savings delivery performance for the year.

q)    The net operating surplus on the HRA of £0.038m and the impact on the HRA reserve.

r)     The receipt of the National Landscapes grant funding for 2026/27.

Reason for Decisions:

To inform effective decision making and ensure sound financial management as part of the Councils overall control environment.

To inform Cabinet on the forecast revenue financial position of the Council for the financial year 2026/27 as at quarter one (30 June 2026), including delivery of approved savings for the year