Decision Maker: Cabinet

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: February 10, 2026

Purpose: The purpose of the report is to provide an update on the revenue budget forecast outturn as at the end of November 2025 (Quarter 2+). The report also provides an update on the Dedicated Schools Grant (DSG), Housing Revenue Account (HRA), Collection Fund, Reserves and Capital Programme as at Quarter 2+.

Content: The Cabinet has considered the Quarter 2+ revenue forecast outturn including an update on the Dedicated Schools Grant, Housing Revenue Account, Collection Fund, Reserves updates to the Capital Programme, and has agreed to:-   (1) Approve the virements to the Revenue Budget.   (2) Note the Cash Limit and Non-Cash Limit forecast outturn positions for 2025/26 as at Quarter 2+.   (3) Note the DSG, HRA and Collection Fund forecast outturn positions for 2025/26 as at Quarter 2+.   (4) Note the update on Reserves.   (5) Note the forecast position for the 2025/26 Capital Programme.   (6) Note the changes to the Capital Programme and re-phasing of schemes during Quarter 2+.   (7) Note the 2025/26 Capital Programme Prudential Indicators.

Alternative options considered: None.