URL: https://democracy.bathnes.gov.uk/ieDecisionDetails.aspx?ID=2464

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: This report presents the financial monitoring information for the Authority and an overview of services across the Authority with the highest risk of financial pressure or upside for the 2026/27 financial year.

Content: That Cabinet:   1)  Notes that the forecast position of the Council’s 2026/27 Revenue Budget as at the end of Quarter 1 (June 2026) is an adverse net variance of £5.320m mitigated by Corporate Contingency Release & Commercial Income Risk Reserve Utilisation. The risk analysis by Portfolio is detailed within section 3.7 of the report.   2)  Notes and approves where required the revenue virements listed in Appendix 3(i) to the report.   3)  Notes that the forecast position of the Council’s 2026/27 Capital Programme as at the end of Quarter 1 (June 2026) is to deliver the total £117.862m budget. Further details are set out within paragraph 3.19 of the report.   4)  Notes the changes in the Capital Programme including capital schemes that have been agreed for full approval under delegation listed in Appendix 2(i) to the report. The Budget Management Scheme requires that the Cabinet consider the revenue and capital monitoring position four times per year. None.

Date of Decision: July 2, 2026