Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: November 17, 2025

Purpose:

Content: 9.1 The Assistant Director of Accounting introduced the report which summarised Sheffield City Council's 2025-26 revenue budget position, noting key variances, risks, and opportunities as of Q2 2025-26. The report built on the structure and approach of the 2025-26 Q1 paper, with all references and data brought forward to apply to the current financial period.     9.2 RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-   a)    Notes the updated information on the 2025-26 Revenue Budget Outturn as described in this report including the detailed committee budget monitoring information and management actions provided. b)    Notes the targeted actions and work underway to bring the in-year forecast overspend down; and c)    Notes the final outturn information provided in the appendices to the paper for the Capital programme and treasury management for the Council.     9.3 Reasons for Decision     9.3.1 To record formally changes to the Revenue Budget.     9.4 Alternatives Considered and Rejected     9.4.1 The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.