Issue - meetings

Report of Assistant Director of Finance (S151 Officer)

Purpose of report

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

Recommendation

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 (S151 Officer) submitted a report to the committee to report the financial position at the end of the financial year 2025/2026.

In introducing the report, the Portfolio Holder for Finance, Regeneration and Property advised the committee that the year-end forecast position for 2025/26 was projected to be an overspend of £3.024m against an £18.893m budget. Services with the largest pressures reported were within Property, Environmental Services and Wellbeing and Housing.

The Portfolio Holder for Finance, Regeneration and Property advised that the forecast overspend was partially offset but corporate underspends in the areas of Executive Matters and Policy Contingency.

Resolved

(1)          That the report be noted.