Agenda item

Report of the Executive Director of Resources and Governance

The Cabinet Member with the Resources Portfolio introduced the report of the Executive  Director of Resources and Governance (previously circulated) providing an early forecast of the 2025/2 revenue budget outturn as part of the Council’s continuous financial management process.

The submitted report stated that it was the first revenue budget management report to Cabinet for 2025/26 and that the latest projections showed an overall decline of £2.166m on the 2025/29 Medium Term Financial Plan, which was due to £3.489m of departmental pressures and a decline in corporate resources of £0.166m, offset by £1.489m of additional balances following the 2024/25 outturn.

RESOLVED - (a) That the forecast revenue outturn for 2025/26, as detailed in the submitted report, be noted.

(b) That further regular reports be made to monitor progress and take prompt action if necessary.

REASONS - (a) To continue effective management of resources.

(b) To continue to deliver services to agreed levels.