Decision details

The Committee considered the report which set out the Third Financial Review 2025-26 position based on income, expenditure and known commitments as at the end of November 2025.

RESOLVED (Unanimously):  That the Committee

1               note the overall Council’s Financial position as described within the Executive Summary – Council Financial Position.

2               note the latest revenue forecast for Economy and Growth Directorate, review progress on the delivery of the MTFS approved budget policy change items (Table 3 in the report), the RAG ratings and to understand the actions to be taken to address any adverse variances from the approved budget.

3               note the overall in-year forecast capital spending for Economy and Growth Directorate of £37.803m against a revised MTFS budget of £56.535m in Tables 4 and 5 in the report.

4               note the Delegated Decisions made for Supplementary Capital estimates up to £500,000 as per Table 6 in the report.

5               approve the Supplementary Capital Estimate above £500,000 up to and including £1,000,000 as per Table 7 in the report.

6               note the Capital Budget Reductions asper Table 8 in the report,

7        note the available reserves position as per Table 9 in the report.