Issue - meetings

Background:

The report presented the results of the second round of the Council’s revenue budget monitoring process for 2025/26. The Council’s summary position was presented in section 5, with sections 6-10 of the report, providing the detail for each service area.

At its meeting on 27 February 2025, the Council had set a total budget requirement of £496.441million for 2025/26. Since then, additional grant funding had been confirmed, primarily the Household Support Fund. The net impact of these amendments took the round 2 budget requirement to a total of £499.865million.

The forecast outturn for 2025/26 represented a pressure of £9.948million, an improvement of £1million from the position reported at round 1.

Reasons:

Full Council is responsible for agreeing a balanced budget in advance of each financial year. The Cabinet is responsible for ensuring that income and expenditure remain within the approved budget, including instructing corrective action to prevent any forecast overspend from materialising.