Issue - meetings

Cabinet Member: Finance, Property and Transformation

Forward Plan Ref: 2025/270

Contact: Kathy Wilcox, Head of Corporate Finance

Kathy.wilcox@oxfordshire.gov.uk

Report by the Deputy Chief Executive (Section 151 Officer) (CA13)

Cabinet is RECOMMENDED to

a)    Note the report and annexes.

b)    Note that £1.2m funding for investments relating to Rail and Flood planning agreed as part of the budget in February 2025 will be transferred to the Budget Priorities reserve for use in 2026/27 (paragraph 22).

c)    Note anticipated supplementary estimate requests to be funded from General Balances relating to:

1.    c£0.5m Bicester Motion (paragraph 14)

2.    c£2.2m Woodeaton School deficit balance write off due to transfer to academy status (paragraph 34)

d)    Approve the write off of 16 Adult Social Care contribution debts totalling £0.477m as detailed in paragraph 31.

e)    Note the Dedicated Schools Grant (DSG) High Needs Block 2025/26 forecast and accumulated deficit position (paragraphs 35 - 39).

f)     Approve the creation of a new Budget Reserve and the addition of £5.5m forecast additional interest on balances in 2025/26 (paragraph 40).

g)    Note Local Government Re-organisation and Devolution update (paragraph 41 -42)