Issue - meetings

Report of Assistant Director Finance (S151 Officer)

Purpose of report

To report to Executive the council’s forecast year-end financial position as at the end of the November 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 November 2025.

1.2           To approve the release of £0.060m from Policy Contingency for development resource required for property projects, associated planning advisors, consultancy and initial ground condition reports, as well as information on flooding.

1.3           To approve the proposed write offs, set out in exempt Appendix 4.

Resolved

(1)            That the council’s financial management report as at the end of November 2025 be noted.

(2)            That the release of £0.060m from Policy Contingency for development resource required for property projects, associated planning advisors, consultancy and initial ground condition reports, as well as information on flooding be approved.

(3)            That the proposed write offs (exempt Appendix 4 to the report) be approved.

The Assistant Director Finance (S151 Officer) submitted a report which updated the Executive on the council’s forecast year-end financial position as at the end of November 2025.

Resolved

(1)            That the council’s financial management report as at the end of November 2025 be noted.

(2)            That the release of £0.060m from Policy Contingency for development resource required for property projects, associated planning advisors, consultancy and initial ground condition reports, as well as information on flooding be approved.

(3)            That the proposed write offs be approved.

Reasons

The report updates Executive 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.