Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: July 24, 2025

Purpose: This report provides Cabinet with a view on the 2024/25 provisional outturn for General Fund revenue and capital, as well as the Housing Revenue Account. As indicated, these figures are provisional and therefore subject to possible change until the audit of council’s final accounts has been completed.   The report details significant overspends in 2024/25 and the consequent management action that is being taken to manage any recurring overspends in 2025/26.

Content: Cabinet agreed the following:   1.  To the 2025/26 capital programme budget adjustments, numbered (i) to (vi), as set out in section 7.3.2 and Annex 1 to the Cabinet report;   2.  To approve a General Fund revenue budget virement of £150,000, as detailed in section 4.3 (i) to the report, to facilitate the recruitment of additional staffing resources in the Homelessness service area.

Reasons for the decision: This report provides Cabinet with a view on the 2024/25 provisional outturn for General Fund revenue and capital, as well as the Housing Revenue Account.   This report makes recommendations that Cabinet approve a number of budget adjustments to the Capital Programme as identified in 7.3 to this report.   The report details significant overspends in 2024/25 and the consequent management action that is being taken to manage any recurring overspends in 2025/26.

Alternative options considered: Budget adjustments are an important part of budget management.