URL: https://democracy.sheffield.gov.uk/ieDecisionDetails.aspx?ID=4924

Decision Maker: Strategy and Resources Policy Committee

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Purpose:

Content: 9.1 The Director of Finance, Commercial and Performance Services presented a report summarising Sheffield City Council's 2025-26 revenue budget position, noting key variances, risks, and opportunities as of Q3 2025-26.   The report highlights the overall direction of travel, key pressure areas, and the actions being taken to manage in?year risks and improve financial stability.   The purpose of the Q3 monitoring report is to: ·       Summarise the financial forecast and strategy at Q3, reflecting year?to?date performance and changes since the Q2 position. ·       Identify key forecast variances from the approved 2025–26 budget, including material movements ·       Highlight pressure areas and emerging risks, such as rising demand, non?delivery or slippage of recovery plan actions, market?driven cost pressures, and organisational dependencies affecting delivery timelines. ·       Provide updates on financial mitigations within each service area, drawing on Q3 recovery actions including strengthened review activity in Adults, placement and sufficiency work in Children’s, ongoing transport policy implementation in SEND, and data/reporting enhancements in Housing Repairs. ·       Identify areas requiring further action for Q4 and into 2026–27, based on the latest Q3 risk outlook, revised savings expectations, and transformation programme dependencies.     9.2 RESOLVED UNANIMOUSLY: That Strategy and Resources Policy Committee:-       (a) note the updated information on the 2025-26 Revenue Budget Outturn as described in this report including the detailed committee budget monitoring information and management actions provided; and   (b) note the targeted actions and work underway to bring the in-year forecast overspend down.     9.3 Reasons for Decision     9.3.1 To record formally changes to the Revenue Budget.     9.4 Alternatives Considered and Rejected     9.4.1 The Council is required to both set a balance budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.  

Date of Decision: March 25, 2026