Issue - meetings
Finance Monitoring Report October 2025
Meeting: 02/12/2025 - Executive (Item 78)
78 Finance Monitoring Report October 2025 
PDF 1 MB
Report of Assistant Director Finance (Section 151 Officer)
Purpose of report
To report to the Executive the council’s forecast year-end financial position as at the end of the October 2025. Further detail can be found in the report and its appendices.
Recommendations
The Executive resolves:
1.1 To consider and note the contents of the council’s financial management report as at the end of October 2025.
1.2 To approve the Use of Reserve and Grant Funding Requests in Appendix 4.
1.3 To recommend to Council to approve the allocation of £1.65m capital budget to undertake roof replacement works at Castle Quay, details are held within 4.1.7 and 4.1.8 of this report and at Appendix 5.
Additional documents:
- Appendix 1 - Detailed Narrative on Forecast October 2025, item 78
PDF 314 KB
- Appendix 2 - Virements October 2025, item 78
PDF 315 KB
- Appendix 3 - Funding October 2025, item 78
PDF 351 KB
- Appendix 4 - Use of Reserves and Grant funding October 2025, item 78
PDF 411 KB
- Appendix 5 - Castle Quay Works, item 78
PDF 485 KB
- Annex to Minutes - Use of Reserves and Grant funding October 2025, item 78
PDF 411 KB
- Webcast for Finance Monitoring Report October 2025
Decision:
Resolved
(1) That the council’s financial management report as at the end of October 2025 be noted.
(2) That the Use of Reserve and Grant Funding Requests (Appendix 4 to the report) be approved.
(3) That Council be recommended approve the allocation of £1.65m capital budget to undertake roof replacement works at Castle Quay.
Minutes:
The Assistant Director Finance (Section 151 Officer) submitted a repot to report to the Executive the council’s forecast year-end financial position as at the end of the October 2025.
Resolved
(1) That the council’s financial management report as at the end of October 2025 be noted.
(2) That the Use of Reserve and Grant Funding Requests (Annex to the Minutes as set out in the Minute Book) be approved.
(3) That Council be recommended approve the allocation of £1.65m capital budget to undertake roof replacement works at Castle Quay.
Reasons
The report updates the Committee on the projected year-end financial position of the council for 2025/26. Regular reporting is key to good governance and demonstrates that the council is actively managing its financial resources sustainably.
Alternative options
Option 1: This report summarises the council’s forecast revenue financial position up to the end of March 2026, therefore there are no alternative options to consider.