Decision details

To note the revenue out-turn position

RESOLVED:

1.  That the following be noted:

a)  The housing revenue account (HRA) adverse variance of £1.4m

b)  The general fund overall adverse variance of £25.3m which includes: 

·  Departmental adverse variances of £37.8m

·  Departmental use of planned reserves of £17.3m

·  The full utilisation of the £4m contingency together with £2.5m of general reserves.

·  The use of £11.6m of planned collection fund reserves

·  Achievement of departmental savings (Appendix C of the report)

c)  The interdepartmental general fund budget and reserve movements that are less than £275k as shown in Appendix A and Appendix B of the report.

d)  The £1.7m adverse variance of the ring-fenced dedicated schools grant (DSG) and the closure of the safety valve programme (paragraphs 89-92 of the report).

e)  The council reserve balances as at 31 March 2026 in Appendix D of the report.

2.  That the use of £25.3m of reserves to balance the 2025-26 outturn together with the interdepartmental budget and reserve movements that exceed £275k, as shown in Appendix A and Appendix B of the report be approved.