URL: https://ealing.moderngov.co.uk/ieDecisionDetails.aspx?ID=977

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: In year update of progress against the budget

Content:   RESOLVED:   That Cabinet:   1.     Noted the estimated General Fund forecast overspend of £5.023m, 1.55% of net budget) and Housing Revenue Account forecast underspend of (£0.721m), 0.80% of turnover for 2025/26.   2.     Noted the Dedicated Schools Grant (DSG) forecast deficit of £11.896m for 2025/26.   3.     Noted the 2025/26 capital programme forecast.   4.     Approved the re-profiling of 2025/26 capital programme budgets of £12.881m (Appendix 2).   5.     Noted that the council is bidding for Local Authority Housing Fund Round 4 grant, and agree to delegate authority to the Strategic Director, Resources to accept the grant if the council’s bid is successful.      REASONS FOR DECISION AND OPTIONS CONSIDERED:   1.       To forecast the financial position for 2025/26 based on available information as at 31 December 2025. The report outlines the council’s forecast position on revenue, capital, income, and expenditure to the end of Quarter 3.   2.       The alternative option is not to report to Cabinet, but this was discounted as frequent and timely financial reporting is an important element of good financial management.  

Date of Decision: February 11, 2026