Issue - meetings
Financial Monitoring Period 11
Meeting: 15/04/2026 - Cabinet (Item 159)
159 Financial Monitoring Period 11 
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Lead Member: Councillor Roger Evans, Portfolio Holder for Finance
Lead Officer: Duncan Whitfield, Interim Executive Director (S151)
Decision:
RESOLVED:
That Cabinet:
A. Confirmed that the s151 Officer continues to ensure that actions taken by other senior officers under the declared Financial Emergency to reduce the variation from budget at outturn are continued.
B. Noted the continued use of the Budget, Transformation and Change Panel (formerly the Operations Boards) and the Workforce Review Board with a view to enhancing the control of spend and authorisation of projects.
C. Noted the forecast overspend at Period 11 of £49.374m.
D. Noted the forecast level of savings to be delivered by the end of the financial year at Period 11 of £17.726m (29.60%).
E. Noted the forecast General Fund Balance of £5.000
Minutes:
The Portfolio Holder for Finance presented the report and advised that the forecast overspend had reduced for the second consecutive month, with a further improvement since Period 10. While the Council remained in a financial emergency position, officers were confident that improved monitoring arrangements and the use of actual expenditure data had strengthened financial control.
Members noted that the majority of the forecast overspend continued to relate to Care and Wellbeing and Children’s Services, reflecting demand pressures and previously unrealisable savings. It was emphasised that statutory services would continue to be delivered at minimum required levels while efforts to minimise expenditure and maximise income continued.
Members welcomed the progress made, acknowledged the work of officers and the finance team, and noted that further reports would be brought forward, including the year?end outturn and the Medium Term Financial Plan.
RESOLVED:
That Cabinet:
A. Confirmed that the s151 Officer continues to ensure that actions taken by other senior officers under the declared Financial Emergency to reduce the variation from budget at outturn are continued.
B. Noted the continued use of the Budget, Transformation and Change Panel (formerly the Operations Boards) and the Workforce Review Board with a view to enhancing the control of spend and authorisation of projects.
C. Noted the forecast overspend at Period 11 of £49.374m.
D. Noted the forecast level of savings to be delivered by the end of the financial year at Period 11 of £17.726m (29.60%).
E. Noted the forecast General Fund Balance of £5.000