Decision details

(a)      Note the cash position that has been achieved for the General Fund and HRA to the end of Quarter 3 as detailed in Appendix 1;

(b)      Note the Common Good financial performance to the end of Quarter 3 as detailed in Appendix 3;

(c)      Note that the General Fund full year forecast position remains on track to achieve a full year outturn of ‘on budget’ although there are a range of financial risks that exist for the financial year. Continuing action and controls, as outlined in Appendix 2 will remain in place for the remainder of the financial year;

(d)      Approve additional recurring funding in 2025/26 of £634K for the Integrated Joint Board of Aberdeen City Council and NHS Grampian (IJB) in respect of additional funding provided by Scottish Government for the agreed pay settlement, the distribution of funding to Councils having been confirmed in the latest Finance Circular;

(e)      Note that the Council maintains financial resilience with the resources available on the Council Balance Sheet, the General Fund Reserves in particular. As at 31 March 2025 the uncommitted value of those reserves was £12m, the minimum that the Council Reserves Statement recommends and as approved by the Council;

(f)       Note that the HRA full year forecast position, as detailed in Appendix 2, is slightly under budget, but continues to face challenging cost pressures as outlined in Appendix 2 and the HRA Budget Report 2026/27;

(g)      Note that capital expenditure continues to be low at the end of Quarter 3, however forecasts are that additional expenditure and progress will be recognised in the final quarter; and

(h)      that the Chief Officer – Finance circulate to the members, further information on the Aberdeen Sport Village Ltd financial deficit referred to in the appendix to the report.