Decision details

The Board received a report from the Director – Finance, which reported the Council’s overall revenue net spending position as at 31 May 2025 together with a 2025/26 forecast outturn position.

A summary of spending against the Council’s revenue budget as at 31 May 2025 was presented in Appendix 1 and Appendix 2 and these provided detailed figures for each individual Department.  In overall terms net revenue spending as at 31 May 2025 was £1.1m over budget.

The report also detailed a review of the Council General Reserve as at 31 May 2025. Other than the General Fund reserve of £5.149m, there were no further reserves available to help fund future budgets.

RESOLVED:  That

1)    Executive Directors continue to implement the approved 2025/26 saving proposals as detailed in Appendix 3;

2)    Executive Directors continue to identify areas where they can further reduce their directorate’s spending or generate income, in order to reduce the council wide forecast outturn overspend position; and

3)    this report be shared with each Policy and Performance Board, in order to ensure they have a full appreciation of the councilwide financial position, in addition to their specific areas of responsibility.