Issue - meetings

This report covers this Committees financial position over the medium term (2025 – 2028) as at Period 6 (end of September 2025).

The Period 6 comprehensive Budget Management report has already been presented to the Policy & Resources Committee at its meeting on 10 November 2025 which sought approval to a change in the Council’s 2025 - 2028 medium-term financial plan.

Recommendation

That Members note & comment on the contents of the report.

The Finance Business Partner introduced the report.

Members emphasised the need to allocate funds for upcoming works at Croxley Green, suggesting inclusion in the next financial year’s budget. Members questioned the accuracy of and sufficiency of the Aquadrome’s whole life costing budget, particularly, regarding footpath repairs, highlighting public concern and the apparent discrepancy between forecasted and actual costs. Officers clarified that the budget was set by Council in February and that additional funding for the Aquadrome, including a multi-million-pound lottery-supported project, exists beyond the Council’s capital allocation. The discussion also addressed the usage and status of grants such as the UK Shared Prosperity Fund (UKSPF) and Open Spaces Funding, with the officer explaining that only confirmed grants appear in budget reports. In response to a question regarding details of the UKSPF capital allocation, the Associate Director for Environment offered to provide a written response to members of the committee. Officers encouraged Members to proactively share information about external funding sources.

Councillor Chris Lloyd moved the recommendation as set out in the report, seconded by Councillor Tom Smith. The Committee noted and commented on the contents of the report.

RESOLVED:

That Members note & comment on the contents of the report.