Social Value Ideas for South Lanarkshire Council

Annual accounts sent to audit

The unaudited 2025/26 annual accounts were approved for submission to Audit Scotland. Officers said the accounts reflected a year-end transfer from reserves of £656,000, down £66,000 from the probable…

“Speaker 2: Thank you, convener. So this is the final report in the trilogy, I suppose, the sequence of reports. So this is now our annual report and a…”

Year-end revenue underspend and reserves

The committee noted a year-end revenue underspend after approved reserve transfers, including a transfer to manage anticipated insurance premium increases and carry-forwards for discretionary housing …

“This is the first of four financial monitoring reports on starting with Item five on Page 21, and this one is the year end revenue report for the reso…”

Budget remains break-even with reserve reliance

The board reported a break-even position for period 5, supported by a £600,000 underspend in employee costs and a reduced use of reserves. The report also identified £271,000 of targeted revaluation f…

“This is our uh report that we bring to every uh board um for the financial position taking us to the 7th of August. In addition, we also have an updat…”

2026/27 budget revised up

The board noted the first budget monitoring report for 2026/27. Confirmed additional Berkeley funding of £172,000 increased the budget from £4,428,000 to £4,600,000, with an early-year breakeven forec…

“Speaker 2: Thank you, convener. This is the first budget monitoring report of this year. It's covering the forecast for the year and also the actual p…”

Ongoing budget gap to 2029

The medium-term revenue strategy shows a revised budget gap of £26.5 million over 2027/28 and 2028/29, driven by inflation, pay, utilities, insurance, and other pressures, partly offset by savings, pe…

“So our budget gap over those two years is GBP 42,800,000, so GBP 23,300,000 for twenty seventwenty eight and GBP 19,500,000 for twenty eighttwenty nin…”

Year-end underspend and reserve transfers

The council closed 2025/26 with a £3.1 million revenue underspend and approved a series of reserve transfers, including £1 million to support the Marmot response, £30,000 for youth/family/community le…

“So firstly, revenue, and this is our year end report for twenty fivetwenty six. What we'll do in this report is pick up that final position for the fi…”

£12m of new funding noted

Additional revenue funding of just over £7 million and capital funding of just over £5 million were noted, including employability, free school meals, child poverty mitigation, asylum dispersal, foste…

“Section five picks up the financial implications. Additional revenue funding of just over £7,000,000 and capital funding of just over £5,000,000 Appen…”

Finance Committee Chair Filled

A vacant Chair position on the Finance and Corporate Resources Committee was filled following Councillor McDonald’s death. The council voted to appoint Councillor Razak, ensuring continuity of financi…

“So the purpose of report is seek approval to appoint an elected member as Chair of the Finance and Corporate Resources Committee. This is following th…”

Finance and corporate plan approved

The committee approved the 2026/27 Finance and Corporate Resource Plan and its performance monitoring arrangements, which will be presented to Executive Committee for noting. This sets the service out…

“Yes, so this one report follows the last one. It brings you the new resource plan for the current year twenty twenty six-twenty seven for your approva…”