Decision Maker: Cabinet

Outcome: Decision Made (subject to call-in)

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: December 4, 2025

Purpose: To receive the financial position as at the end of September 2025.

Content: RESOLVED –    That the Quarter 2 net expenditure on services to the end of September 2025 was £8,527,000, £241,000 less than budget be noted.   That that by year end the Council anticipates net expenditure of £16,626,000 on services. This forecast is £607,000 under budget, an improvement of £229,000 compared to Quarter 1. However, £353,000 of this is Public Realm 2 net income, which must be transferred back to the On Street Parking Reserve, and £219,000 is to be transferred to the Revenue and Capital Initiatives reserve to fund the Torrington lifts refurbishment. The remaining £35,000 is the forecast underspend for the year be noted.    REASON FOR DECISION:  To show the actual expenditure on services compared to the revised budget for the period ending 30 September 2025, and the forecast outturn position, highlighting significant variances from the revised annual budget.