Agenda item

Report of Assistant Director Finance (S151 Officer) and Assistant Director Customer Focus

Purpose of report

To report to Executive the council’s forecast year-end financial, performance and risk position as of the end of Quarter 1 2025, further detail can be found in the report and its appendices.

Recommendations

The meeting resolves:

1.1           To consider and note the contents of the council’s finance, performance and risk management report as at Quarter 1.

1.2           To approve the reprofiling of projects in the capital programme as per Appendix 1. 

1.3           To approve £40k from Policy Contingency for pump priming The Hill.

Resolved

(1)            That the contents of the council’s finance, performance and risk management report as at Quarter 1 2025/2026 be noted.

(2)            That the reprofiling of projects in the capital programme (as set out in Appendix 1 to the report) be approved. 

(3)            That the release of £40k from Policy Contingency for pump priming The Hill be approved.

The Assistant Director Finance (S151 Officer) and Assistant Director Customer Focus submitted a report to report to Executive the council’s forecast year-end financial, performance and risk position as of the end of Quarter 1 2025, further detail can be found in the report and its appendices.

Resolved

(1)          That the contents of the council’s finance, performance and risk management report as at Quarter 1 2025/2026 be noted.

(2)          That the reprofiling of projects in the capital programme be approved. 

(3)          That the release of £40k from Policy Contingency for pump priming The Hill be approved.

Reasons

The report updates Executive on the projected year-end financial position of the council for 2025/26, Quarter 1 performance position and updated Leadership Risk Register.  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 financial position up to the end of End of Year 2026, and a snapshot of our Performance and Risk positions for Quarter 1 2025-26, therefore there are no alternative options to consider.