URL: https://council.southglos.gov.uk/ieDecisionDetails.aspx?ID=1730

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: i)     To note the council’s forecast £6,424k revenue overspend on council services, after the release of in-year contingencies, a £6,105k improvement from Quarter 2.   ii)    To note the 2025/26 Dedicated Schools Grant (DSG) forecast which shows an in year overspend of £18,168k, £11,730k above the planned position.  This will take the projected total DSG unusable reserve deficit to £57,083k, a £49k improvement from Quarter 2.   iii)   To approve the reserve usage changes of £1,130k (net transfer of £279k from reserves to revenue and a £851k transfer from the City Region Deal Economic Development Fund Reserve to the Council Tax and Business Rates Smoothing Reserve) as set out in paragraph 28 and detailed in Appendix 2.   iv)   To approve the DSG revenue budget virements and retrospectively approve the budget virement including the Extended Producer Responsibility for Packaging (EPR) scheme grant in Quarter 3 department budgets (paragraph 31)   v)    To approve the changes to the capital programme of £31,275k and reprofiling expenditure to future years of £46,486k as set out in paragraph 33 and detailed in Appendices 3 and 5 to give a net reduction of £77,761k in 2025/26.   vi)   To note the Prudential Indicators reported in appendix 6 as per the requirements of the Treasury Management code of practice. These indicate the council are operating within its limits.  

Date of Decision: February 2, 2026