2025-26 P6 Financial Update Report to end of September 2025, 01/12/2025 Cabinet

Committee report · Overview and Scrutiny Committee · Wed 10 Dec 2025 · Hastings Borough Council · agenda item 7

What it recommends

In the report's own words. A recommendation is a proposal: the meeting can agree, change or reject it.

“To note the contents of the report, and the actions within the conclusion and management action section.”

What the meeting decided

The minutes record: Noted. “RESOLVED (unanimously): To note the contents of the report, and the actions within the conclusion and management action section.” minutes ↗

In plain English

Each sentence was checked against the passage it cites; how the checking works.

Recommended · This went to the meeting on Wed 10 Dec 2025. What was decided is in that meeting's minutes.

This report sets out the Chief Finance Officer's monitoring of the Council's 2025/26 budget to the end of September 2025 (Period 6). p1 p2 p3

Officers recommend that the Overview and Scrutiny Committee note the contents of the report and the actions in the conclusion and management action section. p4

The report forecasts an adverse variance to budget of £621,298 for direct service expenditure in the 12 months to 31 March 2026, partly offset by £217,937 of unbudgeted earmarked reserves. p7

The General Reserve is forecast to be £6.4m at year-end, above the recommended minimum balance of £4m. p9

1 further sentence of this summary was held back by verification and is not shown. We only publish claims that survived checking against the cited passages.

Show the 6 passages this is based on

p1Report Template v29.0 Report to: Overview and Scrutiny Committee Date of Meeting: 10 December 2025 Report Title: Financial Monitoring Report for 2025/26 – to end of September 2025 (Period 6)
p2Report By: Kit Wheeler Chief Finance Officer
p3Purpose of Report To provide a summary of the financial outturn position for services at the end of Period
p46 (September 2025). Recommendation(s) To note the contents of the report, and the actions within the conclusion and management action section.
p7Report Template v29.0 Executive Summary 1. The forecasted outturn for the 12 months to 31 st March 2026 is an adverse variance to budget of £621,298 for direct service expenditure. However, this is partially offset by a use of unbudgeted earmarked reserves £217,937.
p93. In line with the revised reserves policy the recommended minimum balance for the General Reserve is £4m. The General Reserve balance is forecasted to be £6.4m at the year-end.

Places and organisations it names

Hastings Borough Council

Other papers for this meeting

Overview and Scrutiny Committee agenda · Committee agenda
Appendix 1 - Budget Monitoring Tables 2025-26 P6 September 2025, 01/12/2025 Cabinet · Committee report
Appendix 2 - P6 2025-26 Capital Monitoring, 01/12/2025 Cabinet · Committee report
Appendix 3 - 2025-26 PIER Savings P6, 01/12/2025 Cabinet · Committee report
Final ESHT report Dec 2025 · Committee report
Final LGR report Dec 2025 · Committee report
Minutes Public Pack, 10/09/2025 Overview and Scrutiny Committee · Committee report
Minutes Public Pack, 18/09/2025 Overview and Scrutiny Committee · Committee report
Overview and Scrutiny Committee minutes · Committee minutes
Q2 O&S Work Programme 2025-2026 · Committee report

The council's document is the record; this page collects what Open Hastings knows about it. If something here is wrong, it is corrected in place and logged on the about page.