Issue - meetings

To receive financial monitoring information for General Fund Revenue, Housing Revenue Account and Capital Plan.

Contact: James Anderson, Accountancy

RESOLVED –

1) That the forecast revenue outturn position at Quarter 1 for 2025/26 (£5.9m overspend) be noted and that it be further noted that Executive Directors have been asked to bring forward sustainable proposals to reduce the overspend to bring the budget back into balance. 

2) That it be approved that £149k of the budget amendment for Christmas week bin collections be redirected to support the Flytipping Strategy (£100k) and the Kirklees Clean-Up project (£49k). 

3) That the Quarter 1 forecast that the Dedicated Schools Grant (DSG) deficit is forecast to increase by £12.5m in 2025/26 to £76.3m be noted.

4) That the Quarter 1 forecast HRA position as £181k overspend and forecast year-end reserves position of £14m be noted.

5) That the Quarter 1 forecast capital monitoring position for 2025/26 be noted and approval be given to a further net reduction in the 2025/26 position of £9.6m due to £9.9m re-profiling (£7.2m General Fund and £2.7m HRA) into future years.

6) That £0.4m net increase in the overall capital plan (£0.3m 2025/26, £0.1m 2026/27) due to increased grant and S106 contributions be noted.  

6) That the Quarter 1 treasury management prudential indicators be noted.

(Under the provision of Council Procedure Rule 36(1), Cabinet received  representations from Councillors J D Lawson and Scott).

Cabinet gave consideration to the Corporate Financial Monitoring Report, Quarter 1 2025/2026, which provided an update on the financial position as of 30 June 2025, together with key risks.

The report advised that the projected overspend at Quarter 1 of £5.9m for the General Fund was the lowest Quarter1 forecast overspend since covid.

The report provided a breakdown of the projected outturn financial monitoring position in relation to (i) forecast general fund revenue outturn position 2025/2026 by service area (ii) general fund reserves and balance movements in year (iii) forecast housing revenue account revenue outturn position including movements in housing revenue account reserves in-year and (v) treasury management prudential indicators.

RESOLVED –

1) That the forecast revenue outturn position at Quarter 1 for 2025/26 (£5.9m overspend) be noted and that it be further noted that Executive Directors have been asked to bring forward sustainable proposals to reduce the overspend to bring the budget back into balance. 

2) That it be approved that £149k of the budget amendment for Christmas week bin collections be redirected to support the Flytipping Strategy (£100k) and the Kirklees Clean-Up project (£49k). 

3) That the Quarter 1 forecast that the Dedicated Schools Grant (DSG) deficit is forecast to increase by £12.5m in 2025/26 to £76.3m be noted.

4) That the Quarter 1 forecast HRA position as £181k overspend and forecast year-end reserves position of £14m be noted.

5) That the Quarter 1 forecast capital monitoring position for 2025/26 be noted and approval be given to a further net reduction in the 2025/26 position of £9.6m due to £9.9m re-profiling (£7.2m General Fund and £2.7m HRA) into future years.

6) That £0.4m net increase in the overall capital plan (£0.3m 2025/26, £0.1m 2026/27) due to increased grant and S106 contributions be noted. 

6) That the Quarter 1 treasury management prudential indicators be noted.