Issue - meetings

Assistant Director of Finance (Section 151 Officer) and Interim Head of Chief Executive’s Office

Purpose of report

To report to Executive the council’s forecast year-end financial, performance and risk position as of the end of Quarter 3 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 finance, performance, and risk management report as at Quarter 3.

1.2           To note the approval of £0.010m from Policy Contingency for the Climate Change Action Plan for 2025/26, approved within S151 delegations.

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

1.4           To note the budgets approved under S151 delegations within in the capital programme held within Table 7 of the report.

Resolved

(1)          That the council’s finance, performance, and risk management report as at Quarter 3 be noted.

(2)          That the approval of £0.010m from Policy Contingency for the Climate Change Action Plan for 2025/26, approved within S151 delegations be noted.

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

(4)          That the budgets approved under S151 delegations within in the capital programme as set out in Table 7 of the report be noted.

The Assistant Director of Finance (Section 151 Officer) and Interim Head of Chief Executive’s Office submitted a report to update Executive on the council’s forecast year-end financial, performance and risk position as of the end of Quarter 3 2025/2026.

Resolved

(1)          That the council’s finance, performance, and risk management report as at Quarter 3 be noted.

(2)          That the approval of £0.010m from Policy Contingency for the Climate Change Action Plan for 2025/26, approved within S151 delegations be noted.

(3)          That the reprofiling of projects in the capital programme (Annex to the Minutes as set out in the Minute Book) be approved.

(4)          That the following budgets approved under S151 delegations within in the capital programme be noted.

Reasons

The report updates Executive on the projected year-end financial position of the council for 2025/26, Quarter 3 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 position for Quarter 3 2025-26, therefore there are no alternative options to consider.