Issue - meetings

A report from the Executive Director – Resources is attached.  (Key decision – reference number 5782)

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director – Resources, providing the first tranche of savings and income generation proposals for 2025/26 financial year. The budget pressures were set out in the report and had been discussed earlier in this meeting. The proposals would deliver new savings and income generation to stabilise the budget.

In response to Members’ questions, it was confirmed that all savings proposals had been impact assessed.

Cllr Leaver took the opportunity to record thanks on behalf of himself, the Finance Team, and Cabinet to Fay Hammond (Executive Director – Resources) for all her hard work over many years as she was moving on from Enfield to the GLA. The development of a Finance Team with such capability and professionalism was testament to her diligence.

DECISION:  The Cabinet agreed to:

I.  Approve the proposed income and savings proposals of £10.278m for 2025/26 set out in Appendix A comprising:

• £5.030m from efficiencies and,

• £5.248m from receipts and income generation.

II.  Note that the income and savings proposals set out in the report were being recommended for approval subject to consultation and assessment of the equality implications where relevant.

III.  Note the potential impact of the ending of the current statutory Dedicated Schools Grant (DSG) override if this is not extended beyond 2026.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.