Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: October 28, 2025

Purpose: To consider the report of the Cabinet Member for Finance and Resources providing an update on the Council's financial position for 2025/26.

Content: i)  Note the latest forecast financial position as set out in Appendix 1. ii)  Note the revised General Fund and HRA Capital Programme, as detailed in Appendix 2. iii)  Approve the addition and spend of £0.62M to the Resident Services capital programme, as detailed in paragraphs 4 and 5 of Appendix 2. iv)  Approve the virement of £10.27M within the HRA capital programme, to improve delivery of Decent Homes, as detailed in paragraph 6 of Appendix 2. v)  Approve slippage of £36.67M, £25.91M within the General Fund programme and £10.76M within the HRA programme, as detailed in Appendix 3.

Reasons for the decision: To ensure that Cabinet fulfils its responsibilities for the overall financial management of the council’s resources.

Alternative options considered: Not applicable.