URL: https://democracy.somerset.gov.uk/ieDecisionDetails.aspx?ID=2183

Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: Having been duly proposed and seconded, the Executive Resolved to:- a)    Note the Council was forecasting a service overspend revenue position of £6.367m, and total underspend of £0.099m for 2025/26. b)    Agree that mitigating actions were to be identified and implemented by the relevant Executive and Service Director in order to reduce any overspends, to take action and to contribute to the long-term financial sustainability of the authority. c)    Note the in-year forecast overspend on the Dedicated Schools Grant of £45.783m, against the current budgeted funding of £163.964m (paragraph 23, 24 and 25), and total forecast year-end deficit of £107.775m as set out in Appendix C. d)    Agree a transfer to Dedicated Schools Grant Deficit Reserve of £8.000m from the non-service underspend for 2025/26. e)    Note the collection rates for Council Tax and Business Rates as set out in (paragraphs 36, and 37). f)      Note the quarterly update on the prudential indicators detailed in Appendix L. g)    Note the outstanding debt position as detailed in Chart 2 within Appendix K. h)    Note the level of General Reserves is £63.200m (risk-based assessment – minimum £31.104m). i)      Note the Capital Programme forecast outturn for 2025/26 was £170.556m, against a budget of £216.551m (see Table 6). j)      Approve additions to the Capital budget of £13.690m as detailed in Table 7.

Date of Decision: February 11, 2026