Agenda item - Targeted Budget Management (TBM) 2025/26 Month 9 (December)

1)             Cabinet notes the forecast risk position for the General Fund, which indicates a potential forecast overspend risk of £4.861m.

2)             Cabinet notes the forecast overspend risk for the separate Housing Revenue Account (HRA), which is an overspend of £0.846m.

3)             Cabinet notes the forecast overspend risk for the ring-fenced Dedicated Schools Grant, which is an overspend of £2.388m.

4)             Cabinet approves deferring the planned reserve repayment of £1.125m in 2025/26 (paragraphs 4.10 and 7.8)

5)             Cabinet approves the release of unrequired Reserves and Provisions of £1.109m (paragraphs 4.10 and 7.9)

6)             Cabinet notes the forecast position on the Capital Programme which is an underspend variance of £7.714m.

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

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

9)             Cabinet notes the Treasury Management update as set out in Appendix 8 and summarised in paragraph 8.