Issue - meetings

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To report to the committee the council’s financial position at the end of the financial year 2025-2026 as at 31 October 2025.

Recommendations

The Budget Planning Committee resolves:

1.1     To note the contents of this report.  

Resolved

(1)      That the report be noted

The Assistant Director of Finance (Section 151 Officer) submitted a report to update the Committee on the council’s financial positions at the end of the financial year 2025/2026 as at 31 October 2025.

In introducing the report, the Portfolio Holder for Finance, Property and Regeneration advised that the year-end revenue position for 2025/26 at the end of October was a projected overspend of £0.400m.

Since September, the overall position had worsened by £0.292m, which was mainly due to increased pressures in Resources of £0.102m and Neighbourhood Services of £0.162m, which reflected rising operational costs and demand pressures. Offsetting these overspends were significant and stable underspends in Executive Matters (£1.269m), Policy Contingency (£1.100m), which together provided a strong mitigating effect against directorate-level increases.

Resolved

(1)      That the report be noted