Issue - meetings
Financial Monitoring Period 1
Meeting: 11/06/2025 - Cabinet (Item 10.)
10. Financial Monitoring Period 1 
PDF 323 KB
Lead Member – Councillor Roger Evans, Portfolio Holder for Finance
Lead Officer – James Walton, Executive Director of Resources
Decision:
RESOLVED:
3.1. To note that the position set out in the report reflects the
best information available after the first 4 weeks of the year and
hence considerable uncertainty in these early estimates.
3.2. To note that at the end of Period 1 (30th April 2024), the
indicative level of savings delivery is £24.974m (42%),
resulting in a projected spend over budget of £13.884m for
2025/26.
3.3. To note the control corridor that the Council will be working
to for 2025/26 is as follows: Adverse £39.700m overspend
Central £13.884m overspend Favourable £1.422m
overspend
3.4. To note the projected General Fund
Balance of £0.393m for 31 March 2026 if the projected spend
over budget is realised
Meeting: 09/06/2025 - Transformation and Improvement Overview and Scrutiny Committee (Item 8.)
8. Financial Monitoring Period 1 PDF 323 KB
To scrutinise financial performance at Period 1 and identify issues that may require further investigation by an overview and scrutiny committee
REPORT TO FOLLOW