Agenda item

Report from the Executive Director of Corporate Services.

Recommendations:

That Cabinet:

1.    Note the current General Fund Revenue Budget forecast overspend of £3.4m.

2.    Note the projected overspend and that whilst the Council aims to manage this pressure, should that not be possible use of reserves will be required to balance the 2025/26 financial position.

3.    Note the updated position of the Capital Programme.

4.    Approve the capital budget variations as detailed in section 2.17 of the report.

5.    Delegate authority to the Service Director of Planning, Regeneration and Transport in consultation with the Service Director of Financial Services and Cabinet member for Transport, Jobs and the Local Economy, to approve the specific allocations of the Gainshare Feasibility Grant and any variations required through its delivery, as detailed in section 2.20.1 of the report. 

6.    Approve the Council being the recipient of Department for Education grant funding as part of the Strategic School Improvement Capital Budget (SSICB) and the Council take over responsibility for delivery of the Newman School project.