Decision details

ORDERED that Executive:

1. Approve budget virements over £250,000 within the revenue budget detailed at Appendix one of the report.
2. Approve budget virements over £250,000 within the Capital Programme detailed at paragraph 4.47 of the report.
3. Approve the inclusion of new schemes and additions to existing schemes to the Capital Programme totalling £0.519m for 2025/26, of which £0.454m were externally funded and £0.065m was from existing Council funded resources (detailed in Appendix 5). Subject to approval this would increase the approved 2025/26 Capital Programme budget to £88.094m.

AGREED that Executive:

1. Note the Council’s financial performance and forecast year-end financial outturns for revenue and capital budgets for the financial year 2025/26 as at Quarter Two, highlighting the budget pressures and the forecast year-end position if no further action was taken. At present, the revenue budget was forecast to be under pressure by £1.804m (1.3%) at year end after the proposed use of central contingences and other budgets.
2. Note that Directors had submitted recovery plans and mitigations aimed at reducing their forecast budget pressures and acknowledged the ongoing requirement for Directors to continue refining and implementing these plans to achieve a balanced budget for the Directorates by the end of 2025/26. In support of this corporate revenue budget spending controls would continue to be applied during 2025/26.