Issue - meetings
SECOND QUARTER REVENUE BUDGET MONITORING 2025/26
Meeting: 20/01/2026 - Cabinet (Item 14)
14 SECOND QUARTER REVENUE BUDGET MONITORING 2025/26 
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REPORT OF THE DIRECTOR - RESOURCES
To inform Cabinet of the summary position on revenue income and
expenditure forecasts for the financial year 2025/26, as at the end
of the second quarter.
Decision:
RESOLVED: That Cabinet:
(1) Noted this report.
(2) Approved the changes to the 2025/26 General Fund budget, as identified in table 3 and paragraph 8.2, an £846k decrease in net expenditure.
(3) Noted the changes to the 2026/27 General Fund budget, as identified in table 3 and paragraph 8.2, a total £555k increase in net expenditure. These will be incorporated in the draft revenue budget for 2026/27.
REASON FOR DECISIONS: Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.
Minutes:
Audio recording – 1 hour 16 minutes 35 seconds
In the absence of the Chair of Finance, Audit and Risk Committee, the Chair invited Councillor Ian Albert, as Executive Member of Finance and IT, to present the referral and report entitled ‘Second Quarter Revenue Budget Monitoring 2025/26’. Councillor Albert advised that:
· There was nothing to add from the referral from Finance, Audit and Risk Committee.
· This report informed Cabinet of the summary position on revenue income and expenditure forecasts for the financial year 2025/26, as at the end of the second quarter.
· The projected ongoing spend increase which was detailed in Table 2 of the report had been incorporated in the draft budget report.
· There had been pay cost variances which were generally due to gaps in recruitment and temporary staff costs and a summary of significant variances were highlighted in Table 3 of the report.
· There had been several carry forward requests.
· Corporate financial health indicators which looked at the major income schemes for the Council, were highlighted in Table 4.
· There had been a slight reduction in the number of garden waste collection subscribers.
· The income generated from vehicle parking fees had increased.
Councillor Ian Albert proposed and Councillor Mick Debenham seconded and, following a vote, it was:
RESOLVED: That Cabinet:
(1) Noted this report.
(2) Approved the changes to the 2025/26 General Fund budget, as identified in table 3 and paragraph 8.2, an £846k decrease in net expenditure.
(3) Noted the changes to the 2026/27 General Fund budget, as identified in table 3 and paragraph 8.2, a total £555k increase in net expenditure. These will be incorporated in the draft revenue budget for 2026/27.
REASON FOR DECISIONS: Members are able to monitor, make adjustments within the overall budgetary framework and request appropriate action of Services who do not meet the budget targets set as part of the Corporate Business Planning process.