Agenda item - Targeted Budget Management (TBM) 2025/26 Month 7 (October)

1)             Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £7.776m.

2)             Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £1.216m.

3)             Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £2.463m.

4)             Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £10.963m.

5)             Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 6.

6)             Cabinet approves the new capital schemes requested in Appendix 7.

7)             Cabinet notes the Treasury Management mid-year review as set out in Appendix 8 and summarised in paragraph 9.

83.1      Cabinet considered a report that set out an indication of forecast risks as at Month 7 on the council’s revenue and capital budgets for the financial year 2025/26.

83.2      Councillors Taylor, Williams, Robins, Robinson, Allen, Sankey and Miller contributed to the debate of the report.

83.3      Resolved-

1)             Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £7.776m.

2)             Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £1.216m.

3)             Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £2.463m.

4)             Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £10.963m.

5)             Cabinet approves the capital budget variations and re-profiling requests set out in Appendix 6.

6)             Cabinet approves the new capital schemes requested in Appendix 7.

7)             Cabinet notes the Treasury Management mid-year review as set out in Appendix 8 and summarised in paragraph 9.