The Group Finance Director submitted a report for Cabinet to note the update on Finance, Risk and Corporate Performance matters at 30^th September 2025.

Cabinet is recommended to:

-       Note the financial position for quarter 2 (Q2) 2025/26 including forecast outturn, as well as the current position on risk and performance at 30^th September 2025. 

Cabinet resolved to:

-       Note the financial position for quarter 2 (Q2) 2025/26 including forecast outturn, as well as the current position on risk and performance at 30^th September 2025. 

The Group Finance Director submitted a report for Cabinet to note the update on Finance, Risk and Corporate Performance matters at 30^th September 2025.

Councillor Turner presented the report. He said that the quarterly reports were useful for identifying trends and their progress in the year. He noted the costs of cyber security, challenges around costs in law and governance, and that there was a favourable increase in interest. Overall, he noted that they were down a bit on the general fund but had mitigation strategies in place to address this. He asked that colleagues keep the ongoing matters in mind as they set the budget in February of 2026. He noted the trends in the Housing Revenue Account and the Capital Program.

Cabinet resolved to: 

-       Note the financial position for quarter 2 (Q2) 2025/26 including forecast outturn, as well as the current position on risk and performance at 30^th September 2025.