Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: September 9, 2025

Purpose: Cabinet is recommended to Note the forecast outturn position for Revenue, Capital, HRA and DSG as at month 3.    

Content: Cabinet:   (1)           noted the forecast outturn position for Revenue, HRA and DSG as at month 3;   (2)           approved £0.015 million funding from the budget strategy reserve (BSR) to fund the 2025 Pride Awards and £0.145 million towards the together campaign from the BSR;   (3)           approved £0.500m additional capital funding for Soho Theatre due to extended timelines to complete works (September 2024 to March 2025);   (4)           approved an amount not exceeding £0.300m, to be funded from capital contingency, for fit out works on Unit C Soho Theatre.  This is to enable the unit to be let on a commercial basis (i.e. ducting and electrical upgrade); and   (5)           approved £0.984 million to fund the Oracle stabilisation programme, of which £0.894 million is to capital related to be funded from the capital contingency and £0.089 million is revenue expenditure to be funded from the corporate revenue contingency budget.   Options & Alternatives Considered   Much of this report is concerned with provision of information, for which alternative options is not a relevant consideration.