URL: https://democracy.kirklees.gov.uk/ieDecisionDetails.aspx?ID=13457

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: To consider the third quarter Revenue & Capital Monitoring forecast and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by financial procedure rules.

Content: To consider the third quarter Revenue & Capital Monitoring forecast and to consider any specific recommendations on the application of resources in-year, including movements to and from reserves, as required by financial procedure rules. RESOLVED –   1)    That the revenue outturn position at Quarter 3 of a forecast overspend of £4.1m (Q2: £5.1m) be noted, and to note that there would be a requirement to balance the budget using reserves should the overspend remain; 2)    That the Quarter 3 position on the Dedicated Schools Grant (DSG) be noted, being an in year deficit of £17.4m (2024/25 £20m) to take the cumulative deficit to £81.3m; 3)    That the Quarter 3 HRA position be noted, being a projected underspend of £921k. Any underspends would be taken to HRA reserves at year end. The current forecast year-end reserves position was now £27.4m; 4)    That the Quarter 3 forecast capital monitoring position for 2025/26 be noted, and to note a proposed net reduction in the 2025/26 position of £14.7m due to: -   (i)             £14.2m re-profiling of spend into future years (£11.6m General Fund and £2.6m HRA) (ii)            £0.5m decrease in the capital plan due to the removal of UKSPF grant.   5)    That the Quarter 3 treasury management prudential indicators be noted.

Date of Decision: March 24, 2026