URL: https://moderngov.sutton.gov.uk/ieDecisionDetails.aspx?ID=4344

Decision Maker: Council, Strategy and Resources Committee

Outcome:

Is Key Decision?: No

Is Callable In?: No

Purpose: This report provides an update on the council’s financial and other performance for the 2025/26 financial year.

Content: Councillor Sunita Gordon, Lead Member for Resources made some introductory comments.   The Strategic Director of Resources introduced the report.    RESOLVED: That the forecast general fund revenue outturn overspend for 2025/26 of £0.456m which is an improvement from the previously reported overspend of £1.262m be noted. That the forecast dedicated schools grant revenue outturn overspend for 2025/26 of £11.979m and the resulting forecast deficit balance of £22.552m be noted. That the forecast housing revenue account revenue outturn underspend for 2025/26 of £0.352m be noted. That the 2025/26 budget delivery update as set out at Appendix A be noted That the forecast capital outturn variance of £47.819m underspend for 2025/26 against agreed budget be noted. That the capital programme budget adjustments set out in paragraph 4.6 of the report and Appendix B be approved. That the consolidation of the Neighbourhood Fund (Neighbourhood portion of the Sutton Community Infrastructure Levy [NCIL] and Section 106) and Public Realm Capital programme from April 2026 onwards as outlined in paragraphs 5.1-5.7 of the report be approved and that the subsequent change to Article 10 of the Council’s Constitution be recommended to Council.  

Date of Decision: December 8, 2025