Decision details
Financial Performance Report 2025-26 Quarter 3
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
The purpose of the report was to set out the third quarterly budget monitoring position for the 2025/26 financial year.
Councillor Patrick Coleman, Cabinet Member for Finance, introduced the report, which set out the Q3 outturn forecast for the financial year. The report showed a favourable variance of £0.045m and confirmed that the Council remained in a financially sound position without the need for borrowing. Councillor Coleman noted that the report had been considered by the Overview and Scrutiny Committee on 13 April 2026. Members were advised of strengthened financial management during the quarter, including enhanced vacancy controls, income improvements, and the continued transfer of underspends to earmarked reserves to support financial resilience, local government reorganisation, and future budget pressures. The report also highlighted a £0.719m forecast underspend in the capital programme. The final 2025/26 outturn position would be reported to Cabinet in July 2026.
Cabinet REVIEWED and NOTED the financial position set out in the report.
Report author: Michelle Burge
Publication date: 17/04/2026
Date of decision: 16/04/2026
Decided at meeting: 16/04/2026 - Cabinet
Accompanying Documents:
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