Agenda item

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 August 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 August 2025.

1.2           To approve the Use of Reserve and Grant Funding Requests in Appendix 4.

1.3           To approve the amendments to the capital programme in Appendix 5.

1.4           To approve the proposed, write offs set out in exempt Appendix 6.

Resolved

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

(2)            That the Use of Reserve and Grant Funding Requests, Appendix 4 to the report, be approved.

(3)            That the amendments to the capital programme, Appendix 5 to the report, be approved.

(4)            That the proposed write offs, exempt Appendix 6 to the report, be approved.

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

There being no questions on the exempt appendix to the report, it was not necessary to exclude the press and public during this item.

Resolved

(1)            That the contents of the council’s financial management report as at the end of August 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 the amendments to the capital programme (Annex to the Minutes as set out in the Minute Book) be approved.

(4)            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.