Agenda item

BUDGET MONITORING Period 10 2025/26

Executive Summary

This report provides an update on the Council’s financial performance and projected full year outturn position for 2025/26 for the revenue account, capital programme, reserve statement and budgeted savings performance as at the end of January 2026.

As at 31 January  2026, the General Fund Forecast Outturn position for 2025/26 is a surplus of £0.383m. This is after adjusting for all known variations and full year forecasting by service managers.

Options considered

This is an update report on the Council’s financial position and so no other options were considered.

Consultation(s)

This is an update report on the Council’s financial position and no other consultations were considered.

Recommendations

Members are asked to consider the report and recommend the following to full Council:

a)        Note the contents of the report and the current forecast year end position.

b)        Seek approval of Full Council to increase the 2025/26 capital budget for Disabled Facilities Grants to £2,317,266. This is to reflect the addition of £118,204 of grant award towards the scheme

c)        To use the Extended Responsibility Producer grant of £1,312,840, which was previously forecasted to be an in-year contribution to reserves, to offset relevant in year recycling expenditure.

d)        That the resulting underspend of £1,312,840 in the respective recycling revenue budgets be transferred to the General Reserve to mitigate future unfunded new burdens.

Reasons for recommendations

To update members on the current budget monitoring position for the Council.

Background papers

Budget report, Budget Monitoring reports