Decision details

To accept the report and consider the final financial position of the Council's departments for 2025/26:

Noting that there is substantial expenditure above the budget by the Adults, Health and Well-being Department, the Children and Families Department and the Environment Department in 2025/26 (see Column A in the table above). The following financial virements (explained in Appendix 2) were approved –

· The departments that are over-spending to receive one-off financial assistance and to limit the overspend that will be carried forward by the Department to £100k (see column B in the table above).

· It was confirmed to provide financial support of £269k above the contracted payment to Byw'n Iach (see column C in the table above).

· To fund the overspend of £1.256 million in the Waste field by using £786k from the Parc Adfer Contributory Earnings Recovery Fund and £470k from the Producer Extended Responsibility Fund for packaging materials (see column CH in the table above).

· To allocate a financial bid of up to £800k to the Housing and Property Department to fund the pressure on the emergency accommodation service in 2026/27.

· On Corporate budgets:

- use from the corporate underspend (£2.8 million) to assist the departments that have overspent in 2025/26.

- the remainder (of £3.174 million) required to fund all requirements to be funded from the Council's Financial Strategy Support Fund.

– the underspend (of £914k) on Council Tax Premium is transferred to the Council Tax Premium fund for use to be determined by Cabinet.

The amounts to be carried forward were approved (the "Adjusted Over/(Under) Expenditure" column in column D above and column D of Appendix 1).

To approve the financial virements from the Council's Financial Strategy Support Fund as outlined in Appendix 3 following a review of the funds.

- £6.6 million being moved to the Council's general balances 

- £1.5 million being moved to the Building Safeguarding Fund.