URL: https://committee.worcester.gov.uk/ieDecisionDetails.aspx?ID=271

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: The Committee reviewed the financial monitoring details including budget variances and performance indicators for the 1st quarter ended 30th June 2025. The Corporate Director – Finance and Resources presented the report and highlighted the main points, including any significant variances in the forecast revenue outturn at Q1.   It was noted that during the quarter, £92k of Council Tax debt was written off along with £379k of Business Rates. Worcester’s share of these write-off figures represented £9k and £150k respectively.   Officers responded to questions and comments from Committee Members.   RESOLVED: That the Committee agree to note:   1.    the financial monitoring details including budget variances and performance indicators for the 1st quarter ended 30 June 2025;   2.    the write-offs of Council Tax and Business Rates for the quarter ended 30 June 2025; and   3.    the forecast balances on earmarked reserves at 31 March 2026.

Date of Decision: September 16, 2025