Issue - meetings

Report of Councillor Pat Kerry, Deputy Leader of the Council and Portfolio Holder for Strategic Leadership and Finance.

RESOLVED that the report be noted.

REASONS FOR DECISION - The report summarises the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.

OTHER OPTIONS CONSIDERED AND REJECTED - This report is concerned with monitoring the position against the Council’s previously approved budget. Accordingly, the report does not set out any options where a decision is required by Members.

This was not a Key Decision and so can be implemented with immediate effect by officers.

Cabinet considered a report which outlined the financial position of the Council following the first quarter of 2025/26 budget monitoring exercise for the General Fund, Housing Revenue Account and the Capital Programme. The report summarised the key figures from the monitoring exercise and explained the reasons for variation against the budget.

Cabinet discussed the report and that at as quarter 1 the overall forecast was for the General Fund to be underspent.

RESOLVED that the report be noted.

REASONS FOR DECISION - The report summarises the financial position of the Council following the first quarter’s budget monitoring exercise for the General Fund, the Housing Revenue Account and Capital Programme.

OTHER OPTIONS CONSIDERED AND REJECTED - This report is concerned with monitoring the position against the Council’s previously approved budget. Accordingly, the report does not set out any options where a decision is required by Members.