We have to set an annual budget at the start of each financial year. This sets out how much money we have available and what it will be spent on. The financial year begins in April.
2025-26 will be another challenging year for us due to
- our financial emergency and;
- the fact that we have already made many savings and efficiencies
This situation will impact on the services we can deliver. Difficult decisions need to be made if we are to balance our books and avoid a Section 114.