Purpose

To consider an update on the Council’s Medium Term Financial position and outlook, including the provisional revenue outturn for 2025/26 (including use of reserves), the provisional capital outturn for 2025/26 and an update to the Capital Programme.

Decision

RESOLVED –

(i)                 THAT the update on the Council’s Medium Term Financial position and overall financial resilience, detailed in paragraphs 2.9 to 2.14 of the report, be noted.

(ii)                THAT the impact of challenges across temporary accommodation, children’s social care provision, schools and the Council’s services more generally (including those delivered through the Housing Revenue Account), as well as the Council’s proposed responses to them, as set out in paragraphs 2.18 to 2.58 of the report, be noted;

(iii)              THAT the 2025/26 revenue outturn position for the General Fund and Housing Revenue Account, as set out in paragraphs 2.62 to 2.69 of the report, be noted;

(iv)             THAT the allocations to and from earmarked reserves as set out in paragraphs 2.70 to 2.76 and Appendix A of the report, be noted for inclusion in the Council’s Statement of Accounts;

(v)               THAT the 2025/26 capital outturn position, as set out in paragraphs 2.77 to 2.78 of the report, be noted; and

(vi)             THAT the revised Capital Programme expenditure budgets, funding and capital receipts targets summarised and presented in paragraphs 2.79 to 2.82 and Appendix B of the report be agreed.