Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: September 9, 2025

Purpose: To report on Quarter 1 Revenue and Capital Monitoring and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by financial procedure rules.

Content: RESOLVED –   1) That the forecast revenue outturn position at Quarter 1 for 2025/26 (£5.9m overspend) be noted and that it be further noted that Executive Directors have been asked to bring forward sustainable proposals to reduce the overspend to bring the budget back into balance.  2) That it be approved that £149k of the budget amendment for Christmas week bin collections be redirected to support the Flytipping Strategy (£100k) and the Kirklees Clean-Up project (£49k).  3) That the Quarter 1 forecast that the Dedicated Schools Grant (DSG) deficit is forecast to increase by £12.5m in 2025/26 to £76.3m be noted. 4) That the Quarter 1 forecast HRA position as £181k overspend and forecast year-end reserves position of £14m be noted. 5) That the Quarter 1 forecast capital monitoring position for 2025/26 be noted and approval be given to a further net reduction in the 2025/26 position of £9.6m due to £9.9m re-profiling (£7.2m General Fund and £2.7m HRA) into future years. 6) That £0.4m net increase in the overall capital plan (£0.3m 2025/26, £0.1m 2026/27) due to increased grant and S106 contributions be noted.   6) That the Quarter 1 treasury management prudential indicators be noted.