Agenda item

Report of the Executive Director of Resources and Governance

The Cabinet Member with the Resources Portfolio introduced the report (previously circulated) of the Executive Director - Resources and Governance providing a forecast of the 2025/26 revenue budget outturn as part of the Council’s continuous financial management process.

The submitted report stated that it was the second revenue budget management report to Cabinet for 2025/26 and that the latest projections showed an overall decline of £1.872m on the 2025/29 Medium Term Financial Plan, which was due to £2.880m of departmental pressures and a decline in corporate reserves of £0.481m, offset by £1.489m of additional balances following the 2024/25 outturn.

RESOLVED – It is recommended that:

(a)    That the forecast revenue outturn for 2054/26, 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 – The recommendations are supported by the following reasons:

(a)    To continue effective management of resources.

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