Issue - meetings
Revenue Budget Monitoring - Round 3 2025 / 2026
Meeting: 10/02/2026 - Cabinet (Item 11)
11 Revenue Budget Monitoring - Round 3 2025/2026 
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Minutes:
Background:
The report presented the results of the third round of the Council’s revenue budget monitoring process for 2025/26. The Council’s summary position was presented in section 5 of the report, with sections 6-10 providing the detail for each service area.
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Decision number: |
Decision:
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The Cabinet noted the results of the third round of revenue budget monitoring for 2025/26. |
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22/2026 |
The Cabinet instructed the Corporate Management Team to implement further urgent action to bring expenditure back within the budget agreed by Full Council. |
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The Cabinet noted that officers had submitted an Exceptional Financial Support request to the Government seeking a further £9.9million in respect of 2025/26, in addition to the £18.184million incorporated into the budget. |
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23/2026 |
The Cabinet agreed to recommend that Full Council approve the use of £2.783million of capital receipts under flexibilities to fund transformational activity in Adult Social Care and Business Support. |
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24/2026 |
The Cabinet agreed to recommend that Full Council declassifies the following amounts currently held in earmarked reserves and transfers them to general reserves: • £1,597,513 held in the Collection Fund reserve; • £450,000 held in the severance reserve; • £750,000 held in the SELEP reserve; • £27,000 held in the unpresented Cheques reserve. |
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.