Purpose

To present the 2025/26 Draft Outturn position for the period ending 31 March 2026.

Decision

Resolved:

1. 1.    That the draft outturn revenue position of a £0.064m underspend for 2025/26, as detailed in Appendix A – Table 1 within the report, be noted;
2. 2.    That the reserve transfers, set out in Appendix A – Table 2a within the report, be approved;
3. 3.    That the draft outturn capital position for 2025/26, as detailed in Appendix B – Table 1 within the report, be noted;
4. 4.    That the rephasing of the slippage of the existing capital schemes into future financial years along with the capital addition in 2026/27, as outlined within paragraph 3.1 and 3.2 and in Appendix B – Table 3 within the report, be approved; and
5. 5.    That the final BTAC revenue position of £0.104m and the transfer of the surplus to BTAC reserve be noted.

Reasons for the decision

·         To ensure the Council’s draft financial position for 2025/26 is considered and related decisions approved. It is important Cabinet are aware of the financial position of the General Fund to ensure they can make informed decisions that are affordable and financially sustainable for the Council.

Alternative options considered

·         None.