Issue - meetings
One Medway Financial Improvement and Transformation (FIT) Plan Monitoring - Round 3 2025/26
Meeting: 10/02/2026 - Cabinet (Item 13)
13 One Medway Financial Improvement and Transformation Plan 2025-26 Q3 Update 
PDF 4 MB
Minutes:
Background:
The reported presented a review of the Council’s One Medway Financial Improvement and Transformation Plan (FIT Plan) monitoring for Round 3 and was to be read in conjunction with the Revenue Budget monitoring for this period. This was the second year of the Council’s journey to financial sustainability by producing and monitoring a FIT Plan.
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Decision number: |
Decision:
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The Cabinet noted the results of the third round of FIT Plan monitoring for 2025/26. |
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25/2026 |
The Cabinet instructed the Corporate Management Team to expedite any of the actions within the FIT Plan, where failure to do so might adversely affect the budget position. |
Reasons:
Full Council is responsible for agreeing a balanced budget in advance of each financial year. Cabinet is responsible for ensuring that income and expenditure remain within the approved budget, including instructing transformation activities or corrective action to prevent any forecast overspend from materialising.
The FIT Plan, which is reviewed regularly at CMT, is one of the key tools for ensuring delivery of savings in the current financial year and implementing a range of key actions to ensure the long-term financial sustainability of Medway Council.