Issue - meetings

To receive a report presenting an update on delivery of the Finance Performance Report during Quarter 1 of 2025/26.

Executive Councllor: B Mickelburgh

The Cabinet

(1)  considered and commented on the revenue financial performance for the financial year 2025/26 quarter 1, as detailed in Appendix 1 and summarised in paragraph 3.2;

(2)  considered and commented on the capital financial performance for 2025/26 quarter 1, as detailed in Appendix 2 and summarised in paragraph 3.3; and

(3)  considered and commented on the treasury management activity for 2025/26 quarter 1, as detailed in Appendix 3.

A report by the Corporate Director – Finance & Resources was submitted (a copy of which is appended in the Minute Book) which presented an update on the delivery of the Finance Performance Report during Quarter 1 of 2025/26.

The Executive Councillor for Finance & Resources set out the report, and stated that the report did not go through the Overview & Scrutiny Panel (Performance & Growth) anymore, but he and the Chief Executive – Michelle Sacks, and the Corporate Director – Finance & Resources – Suzanne Jones, briefed a key opposition member to make sure they were up to speed, ask any questions and they could talk to the Scrutiny Panel Chair if there was something deemed important enough to present to the Scrutiny Panel.

In response to a question regarding the underspend of CIL grants, the Corporate Director – Finance & Resources – Suzanne Jones, advised that this was not wilful; there were some hurdles beyond delivery control which could not be overcome at this point, however this was under regular review and scrutiny by officers. The intention was to try and spend the money as planned and programmed, and further work would be done on how to maximise the use of CIL.

Whereupon, it was

RESOLVED

that the Cabinet

(1)  considered and commented on the revenue financial performance for the financial year 2025/26 quarter 1, as detailed in Appendix 1 and summarised in paragraph 3.2;

(2)  considered and commented on the capital financial performance for 2025/26 quarter 1, as detailed in Appendix 2 and summarised in paragraph 3.3; and

(3)  considered and commented on the treasury management activity for 2025/26 quarter 1, as detailed in Appendix 3.