Issue - decisions

ORDERED that Executive:

1. Approves budget virements over £250,000 within the revenue budget (Appendix 1);
2. Approves budget virements over £250,000 within the Capital Programme (paragraph 4.47); and,
3. Approves the inclusion of new schemes and additions to existing schemes to the Capital Programme totalling £0.357m for 2025/26, which are all externally funded to either new or existing schemes (detailed in Appendix 5). Subject to approval this will increase the approved 2025/26 Capital Programme budget to £88.451m.

AGREED that Executive:

1. Notes 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 Three, highlighting the budget pressures and the forecast year-end position if no further action is taken. At present, the revenue budget is forecast to be under pressure by £1.675m (1.1%) at year end after the proposed use of central contingences and other budgets; and,

2. Notes that Directors continue to implement recovery plans, mitigations and financial controls aimed at reducing their forecast budget pressures and acknowledges the ongoing requirement for Directors to continue refining and implementing these plans to achieve a balanced budget by the end of 2025/26. In support of this corporate revenue budget spending controls will continue to be applied during 2025/26.