URL: https://council.southglos.gov.uk/ieDecisionDetails.aspx?ID=1702

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: i)     To note the council’s forecast £12,568k revenue overspend on council services, after the release of in-year contingencies.   ii)    To approve that the Strategic Leadership Team implements spending controls to stop or defer non-essential spending in the current financial year and that the impact of spending controls be reported on through the remainder of the financial year.   iii)   To approve that reporting on the impact of spending controls through the remainder of the financial year   iv)   To note the 2025/26 Dedicated Schools Grant (DSG) forecast which shows an in year overspend of £18,546k, £12,108k above the planned position.  This will take the projected total DSG unusable reserve deficit to £57,461k.   v)    To approve revenue budget virements.   vi)   To approve the changes to reserve usage as set out in Appendix 2.   vii)To approve the changes to the capital programme of £98,561k and reprofiling expenditure to future years of £81,870k as set out in paragraph 34 and detailed in Appendix 5 to give a net change of £16,691k in 2025/26.   viii)                To note the Prudential Indicators reported in appendix 6 as per the requirements of the Treasury Management code of practice.  

Date of Decision: October 6, 2025