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1202526Financial Update Reporttoendof March2026

Committee report · Overview and Scrutiny Committee · Wed 1 Jul 2026 · Hastings Borough Council · agenda item 6 · the whole meeting

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The minutes record: Noted. “RESOLVED (unanimously): To note the contents of the report, and the actions within the conclusion and management action section. Reason: To support the Council in understanding its overall financial position, with particular focus on areas of over- and underspend. The early identification of emerging overspends enables timely and targeted management intervention to help mitigate financial pressures and support effective budget control.” minutes ↗

In plain English

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Noted · Received for information; no decision followed.

A report to Overview and Scrutiny Committee on 1 July 2026 gives the Provisional Financial Monitoring Report for 2025/26 as at 31 March 2026, Period 12. p1

The report says direct service expenditure showed a favourable variance of £228,807 against budget. p7

Of a total savings target of £429,500 for 2025/26, £263,410 had been achieved, representing 61% of the annual target. p8

The report says the provisional revenue outturn for 2025/26 is an adverse variance of £2,145,245 against budget after the use of reserves. p12

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 4 passages this is based on
  • p1Report Template v29.0 Report to: Overview and Scrutiny committee Date of Meeting: 1 July 2026 Report Title: Provisional Financial Monitoring Report for 2025/26 as at 31 March 2026 (Period 12)
  • p7Report Template v29.0 Executive Summary 1. The projected outturn position for the 12 months to 31 March 2026 reflects a favourable variance of £228,807 against the approved budget for direct service expenditure.
  • p82. Delivery of the budgeted savings identified through the PIER programme remains ongoing. Of the total savings target of £429,500 for 2025/26, savings of £263,410 have been achieved to date, representing 61% of the annual target.
  • p125. The provisional revenue outturn for 2025/26 is an adverse variance of £2,145,245 against the approved budget after the use of reserves, compared to the original

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