Report attached.

Report Title: Revenue and Capital Budget Monitoring Report 2025/26.

Presented by: Councillor Chris Wilkins (Cabinet Member for Finance)

Cabinet:

2.1       Noted the improvements in the Council’s financial position that have mean that the forecast outturn position as at the end of P10 is an underspend on the Council’s General Fund of £17.4m (sections 4, 5 and 6) and an underspend on the HRA of £2.83m (Section 8)

2.2       Noted the progress toward the delivery of savings as set out in the Council’s MTFS as at the end of December 2025 (quarter three of the financial year) as set out in section 7

2.3       Noted the forecast overspend of £31.5m DSG budgets that will bring the overall DSG deficit to £67.7m (section 9). An update on the impact on the Council’s financial position following the announcement of the High Needs Stability Grant is given in the same section. 

2.4       Noted the update in section 10 on the position of the Council’s maintained schools. 

2.5       Noted the capital monitoring position of the Council as at the end of December 2025 (quarter three of the financial year) as set out in section 12

2.6       Noted that £3,695,506.79 of irrecoverable Council Tax debt has been passed for approval to write-off.