Issue - meetings

Report of the Chief Finance Officer and S151 Officer

The Principal Finance Business Partner introduced a report which had been circulated prior to the meeting, to update Cabinet on the forecast outturn for Revenue and Capital Budgets for 2025/26.

To request approval from Cabinet for the changes to the budget as set out in the report.

RESOLVED TO:

1) Approve the General Fund Budget virements set out in Appendix 1.

2) Approve the re-purposing of Earmarked Reserves as set out in section 2.1.

3) Note the use of reserves during August to November 2025 as detailed in Appendix 2.

4) Approve the removal of £374,000 of total efficiency savings, of which £247,000 relate to 2025-26 as set out in section 2.2.

5) Approve the changes to the Capital programme included in section 2.3.