Decision details

Revenue & Capital Budget Monitoring, Cash Limits and Virements – April to June 2025

Decision Maker: Cabinet

Decision status: Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The report provides the first financial monitoring update for financial year 2025/26

Decision:

(1) To note the 2025/26 revenue budget risk analysis detailed within paragraphs 3.2 to 3.10 of the report (as at the end of June 2025).

(2) To note and approve where required the revenue virements listed in Appendix 3(i) of the report.

(3) To note the capital year-end forecast detailed in paragraph 3.23 of the report.

(4) To the changes in the capital programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 2(i) of the report.

Reasons for the decision:

The report presented an overview of services across the Authority with the highest risk of financial pressure or upside for the 2025/26 financial year, using information available up to the end of June 2025.

The Budget Management Scheme requires that the Cabinet considers the revenue and capital monitoring position four times per year.

Alternative options considered:

None.

Report author: Gary Adams

Publication date: 11/07/2025

Date of decision: 10/07/2025

Decided at meeting: 10/07/2025 - Cabinet

Effective from: 19/07/2025

Accompanying Documents:

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