Decision Maker: Cabinet

Outcome: For Determination

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 27, 2026

Purpose: 2025-26 Financial monitoring - Forecast position at Quarter 3

Content: Resolved   That Cabinet   1)    notes the forecast net service overspend of £0.077m (+0.02% of approved budget) that would need to be funded from reserves at the end of 2025- 26; However, within this figure, to also note the significant underlying service overspend of £16.126m being covered by savings generated through spending controls and Treasury Management returns;   2)    notes the forecast delivery of savings for 2025-26 of £15.409m (70.53%) and the consequent shortfall against the target;   3)    notes the forecast controllable capital spend in 2025-26 is £217.507m; and   4)    notes and approves the total movement in the forecast spend on the capital programme of £16.748m from 2025-26 into future years.