Nottinghamshire County Council is forecasting a £5.8 million overspend for the 2025/26 financial year, according to the latest budget monitoring report presented to councillors.
The update, covering the council’s financial position at Period 8 of the financial year, will be considered by the authority’s Overview Committee on 12 March. It provides an overview of the council’s budget monitoring process and the current projected position for the year.
The council approved its 2025/26 budget in February 2025, and financial performance is monitored throughout the year through a structured reporting process involving senior officers, the Cabinet Member for Finance and Resources and Cabinet.
Monthly monitoring information is reviewed by the Corporate Leadership Team and the cabinet member responsible for finance, while Cabinet receives quarterly budget monitoring reports outlining the authority’s financial performance.
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The Period 8 monitoring report indicates the council is currently forecasting a year-end overspend of £5.8 million compared with the budget approved by Full Council. The position is largely unchanged from the Period 7 forecast.
The monitoring process tracks spending across the council’s revenue budget, alongside the capital programme and treasury management activity. The reports also identify any major variances from budget, along with actions being taken by management to control overspends.
Performance information is also included on areas such as accounts payable, accounts receivable and procurement activity to help monitor the council’s financial management throughout the year.
The Period 8 report was previously considered by Cabinet at its meeting on 29 January 2026. Members of the Overview Committee are now being asked to review the monitoring arrangements and consider the latest financial position.
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The report itself does not propose any new financial decisions and states there are no direct financial implications arising from the update, which is intended to provide scrutiny members with oversight of how the council tracks and manages its budget during the financial year.
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